It’s the start of a New Year and many people are thinking about saving money or reducing debt. Know Where You Stand Before you set new goals or make changes, you need to know where you stand. Review your income and expenses for the prior year. Take a good look at where your money is […]
Paying Down Debt is a Form of Savings
One penny, two penny, three penny…. Often paying down debt feels like an arduous process that goes on forever. It feels like all we can put down is one penny at a time, so why bother? However, we can change our mindset by thinking about paying down debt as a form of savings. What do […]
Paying Down Debt is Saving
It seems counter-intuitive that paying down debt is indeed saving. We tend to think that if we are not directly putting money into a savings or retirement account, we haven’t gained anything. Reports from Ramsey Solutions using data from the Federal Bank Statistics and U.S. Census Bureau indicates that the average credit card debt per […]
