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 […]
Saving for Major Money Milestones
A money milestone is sometimes called a long-term goal or age related financial goal. They are targets to achieve by a certain age or stage in life. For instance, buying a home in your 30s or saving a certain amount of money by your 40s. These milestones can guide you to your goals and ensure […]
