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Start an Emergency Fund or Pay Off Debt?

Not long ago, I participated in a forum discussion: Debt Snowball vs. Emergency Fund. The premise is very simple. Should the person start an emergency fund while he’s still in debt? In this case, we are talking specifically about credit card debt averaging 15% in interest. In this article, we will follow this sample scenario: … Read moreStart an Emergency Fund or Pay Off Debt?

How to Avoid Debt Relief Scams and Find Legitimate Help

How to Avoid Debt Relief Scams and Find Legitimate Help 3

Are you looking for a solution to your debt problem? If so, then you probably saw at least one ad for some type of debt relief. And with all these companies making bold promises to help consumers, it’s no wonder people are confused when searching for help with debt. Which makes them easy targets for … Read moreHow to Avoid Debt Relief Scams and Find Legitimate Help

Can’t Pay Your Debts? 5 Ways to Hide from Your Creditors

Few people, when swiping their credit cards, or getting a car loan, do so with the intention of defaulting on their debt. In many cases, they are sure they can afford the debt, and that they will be able to make the loan payments. Unfortunately, debt tends to build up and can sneak up on … Read moreCan’t Pay Your Debts? 5 Ways to Hide from Your Creditors

How to Pay Off Credit Card Debt in 7 Steps

How to Pay Off Credit Card Debt in 7 Steps 12

Being in debt is not fun. Unfortunately, many people do find themselves in debt, carrying a balance on multiple credit cards and loans. Even if you have a debt problem that seems insurmountable, you can eliminate credit card debt on your own without using a debt consolidation service. While I think the debt consolidation company … Read moreHow to Pay Off Credit Card Debt in 7 Steps

Dave Ramsey’s Debt Snowball and Other Methods

Dave Ramsey's Debt Snowball and Other Methods 14

Debt Snowball is a debt elimination strategy popularized by Dave Ramsey, a renowned debt and personal finance guru. Under this method, you reduce your debt by paying the minimum monthly payment to all accounts, except the one with the smallest balance, which you’ll try to pay down as fast as you can.   How the … Read moreDave Ramsey’s Debt Snowball and Other Methods