I recently received an email from a reader. Here’s a snippet from the email (republished with his permission): NCN, I enjoy your blog. I have several different types of debt. I owe my dad some money, I have three credit cards with balances, and I have two automobile loans. On top of all of that, I have a mortgage. Which…
Category: Debt Reduction
Getting Out Of Debt: 10 Ideas About How To Begin
CLICK HERE TO WATCH MY SEGMENT ON CHANNEL 2 WSB ATLANTA WITH CLARK HOWARD I am writing this post in response to the MANY emails that I have received since my interview with WSB aired Friday. First, I am NOT a personal finance expert and I do NOT give “advice”. I simply talk about WHAT I DID and WHAT I…
Making Multiple Payments: Visual Aids!!!
I used Dave Ramsey’s “Snowball Method” to get out of debt. Basically, you list your debts “smallest balance-to-largest balance,” pay your minimums, and then pay extra towards the smallest debt balance. This method focuses on the “psychological impact of getting rid of those smaller debts.” There are several OTHER methods for debt reduction. The MOST popular method is to list…