Earlier this month, I wrote about my financial goals for 2009. After talking things over with my wife for the past couple of weeks, we have decided to shift our focus – temporarily – away from aggressive long-term saving and towards aggressive short-term savings. Here are the changes we plan to make – Original Prioritized List Of Personal Finance Goals…
Author: NCN
5 Debt Reduction Methods
Debt Avalanche – List your debts – from highest rate to lowest rate – and make minimum payments to all accounts. Make extra payments to the first account on the list, until it is paid-in-full. Combine amount (minimum payment and extra payment) which had been going to the first account on your list, and apply it to the second account…
Debt Deluge – Modified Debt Snowball
I am a big fan of Dave Ramsey. I listen to his radio program and I’ve read all of Dave’s Books. His is one of my favorite personal finance books. Dave made famous a specific debt reduction method – The Debt Snowball. From personal experience, I can verify that The Debt Snowball works – and I’ll be eternally grateful for…