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Tag Archives: paying-off-debt

3 Credit Card Math Mistakes That Are Costing You Money

Credit cards

Twenty years ago when Michael Riley first released his Credit Card Math tutorial, most people had no clue how interest on credit cards work. In fact, his revelations about how credit card interest and payment methods worked were considered so shocking that they ended up being featured in a national news program’s investigative report. Fast forward to today, and a ... Read More »

    Pay Off Debt A Growing Canadian and U.S. Concern

    Pay Off Debt searches in Canada

    According to a HuffPo article, it seems our friends in Canada are beginning to worry a bit more about their personal debt levels. Data by Google shows the search term Pay Off Debt has been trending for Canadian searchers. From the looks of the chart though it is an on again, off again interest for Canadians who have hit a ... Read More »

      I Went Bankrupt in 2005, I am a Disabled Vet, and My Student Loans are Coming Due. – Ben

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      Ben “Dear Steve, I am about to turn 30 years old and my financial picture is basically in the dumps. I have a B.S. in accounting and for the moment a good job that pays me less than 95% of the rest of the world makes (less than $30k/yr and not a single benefit). I am a disabled Vet and ... Read More »

        Woman Hailed Hero by CNN After Paying Off Debt

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        I saw this video below on CNN about a woman that scrimped and saved to pay off her debt. While the effort sounds heroic the part of the story that concerns me is that it seems they used every dollar available to pay off the debt without putting money in a savings account. But her efforts are unusual in that ... Read More »

          Al asks “How Can I Accelerate Paying Off My Debt?”

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          Al “Dear Steve, Do you have a system for paying off credit cards? I have 4 cards ranging in % rates from 0% to 13.99%. I am trying to pay off the highest interest rate one first, just looking for any tips to speed up the process. Thanks Al”   Dear Al, You can use the free Debt Roll-Down calculator ... Read More »

            Which Debt Should I Pay Off First, Credit Card or Personal Loan? – Sean

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            Sean “Dear Steve, I’m a 20 year old college student around $2000 in debt, with two credit cards and one personal loan. What should I pay off first? The credit card with the highest balance or the one with the higher interest rate, or the loan. What effects my credit score the most? Sean”   Dear Sean, Personally, I like ... Read More »

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