Basics, Saving Money

How To Maximize Or Minimize Interest

If you are working to get out of debt, one of your goals will be to minimize the amount of interest that your creditors will charge you.  If you are working to save money, one of your goals will be to maximize the amount of interest that your savings will earn.  Here’s how to minimize the amount you will be…

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Basics, Credit, Debt Reduction

How To Eliminate Credit Card Debt

1.  Create a list of your credit cards. Include account balances, interest rates, due dates, and minimum monthly payments. 2.  Make minimum payments to all credit cards, on time. 3.  Make an additional payment to one of the cards on your list. If you make an extra payment to the account with the smallest balance, you can quickly eliminate an…

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Debt Reduction, Emergency Fund, Insurance, Money Management

Our Financial House – The Foundation

After digging and pouring the footer for our house, it’s time to set our foundation.  Our financial foundation needs to be solid, stable, and able to support the weight of our financial house. Three components of a solid financial foundation – Insurance At present, my wife and I have health insurance, term life insurance, disability insurance, automobile insurance, dental insurance,…

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