Where Smart Saving Grows
I avoided writing down the full number for almost two years. Not because I didn’t know money was tight. I knew. I just had a habit of treating each debt as its own separate thing. The credit card was one problem, the personal loan was another, and the medical bill I’d been ignoring was a … 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