After staring in confusion at all of the different solutions to reduce debt I have settled on one plan. Deep breath….and here we go! Total my debt. Rank in order of highest to lowest interest. Cut back on unnecessary spending. Pay off highest interest debt before lower interest debt. I decided to go with this approach...
Read MoreFrom the revered Get Rich Slowly Nick writes with a common question: I am a college student with $8,000 of debt. What is the first step in paying this off? Debt elimination involves three steps: Stop acquiring new debt. Establish an emergency fund. Implement a debt snowball. Now, finally a post the broke folks among us can...
Read MoreToday I got a free tee shirt from the school. Apparently they are giving free tees to the first 1000 students who get tickets to support the football game in an effort to boost student participation. This means I get another free tee shirt to add to my ever growing collection of FREE TEE SHIRTS!!!!! Hooray! Sure it has the...
Read More5 steps for improving your credit rating Close out your newest accounts so that you don’t lose your longer credit history. Close out accounts slowly over several months. Verify that all accounts you’ve closed are reported as “closed by consumer” for the best report. Even if creditors offer to raise...
Read MoreThe word according to Get Rich Slowly In Huge Debts, Paid Off Fast Pulliam Weston writes about people who have overcome staggering debt through hard work and determination. How did they do it? Among other things: They made debt payoff a priority, although most continued to save for retirement as well. They kept their basic...
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