Where Smart Saving Grows
When I began managing my financial situation, I had $8,247 in credit card debt across three cards, while also having an income of $3,100 a month after taxes. Financial experts advised me that it would take me three to four years to pay off my debt based on my income level. To their surprise, I … Read more
I used to have $2,247 in credit card debt with an interest rate of 24.99%, which meant that every month, $38-$40 of that went straight to zeroing out the interest without even touching the principal. I might have actually been able to pay that debt off if I hadn’t been paying it with other credit … Read more
Previously, I possessed $8,700 in credit card debt divided over four accounts. Every article I read indicated following the avalanche method as the most appropriate approach, leading one to pay off the highest interest card initially, and so on. So I attempted that method for four months. While I may have received some satisfaction that … Read more