You may have noticed the recent addition of the minimum payment warning box on your credit card statement. Overall it sends a pretty powerful message that it will take a long time to pay off your credit cards if you continue to pay the minimum payment. I have not taken the time to figure how [...]
We purchased our first home two years ago and secured what was a competitive rate at the time. We went the FHA route, but, as interest rates continued to decline, actually refinanced a year into our new loan in order to cut our rate by a full percent. Overall, this cut amounted to a payment [...]
One popular strategy for multiple credit card balance annihilation is the debt-snowball method — lining your debts up from smallest to largest and attacking the smallest balance first. The major benefit of this strategy is a mental one: it ensures that your first payoff day will arrive in the shortest amount of time because you [...]