Tag Archives: snowball
- Should I Take Money Out of My IRA and Use it to Pay Off Debt? – Dan
“Dear Steve, Ok, here goes. I have spent the past many years (decades) coming and going from home; being away so much I never paid much attention to the bills. Recently I changed jobs and noticed my wife stressed out, upon investigation, discovered we owe $109,000 to credit cards. We almost own (still have a [...]
- I Want to Use My Tax Refund to Pay Down My Debt. – Laurie
“Dear Steve, Okay you asked, I have my five credit cards($850), ($120), ($140), ($870), ($550) an overdraft, gas card, timeshare, 2 car loans and a mortgage. I also have to pay my property taxes for my home($1050) and the time share($883). I want to knock out 2 cards one both under $150, and try to [...]
- Judy Is Worried “Should I Save or Pay Off Credit Card?”
Judy “Dear Steve, Should I save the amount after paying off a credit card debt or pay down another. Help please. Judy” The Answer: Dear Judy, You asked a great question and one that seems easy but has different valid and possible answers. If you are digging yourself out of a debt hole the [...]
- How Much Should I Put Monthly Toward My Credit Cards? – Sangeeta
Sangetta “Dear Steve, I’m trying to figure out how much I should put monthly toward each of my credit cards. I’m using this calculator from CNN.com. The problem is that I have a 0% interest on a few cards that expire in a few more months, and that calculator does not take that into account. [...]
- I’m 24 and About $20,000 in Debt Plus I Try Real Hard to Pay Them. – Andrew
Andrew “Dear Steve, I’m 24 and about $20,000 in debt plus i try real hard to pay them but i don’t make alot of money and the credit card people don’t care they just what money, money and more money Plz help i would like to get out of debt or get it real down [...]
- Robert Wrote “I Do Not Know Where To Start Other Than I Am in Debt”
“Dear Steve, I do not know where to start other that I’m in debt. I want to pay all of my credit card debt starting with my lowest and working my way to the last but I can not accomplish this while I’m paying everyone and can not make any headway. Can I just send [...]
- Rita Asks “Should We Consolidate Our Debt?”
Rita “Dear Steve, I want to pay my credit cards off. I will like to consolidate them. We are $39,000.00 in debt. HELP What should I do? Rita” The Answer: Dear Rita, Thank you for writing to me for help. Debt consolidation is often the first and only solution that comes to mind when [...]