Tag: debt

Budgeting & Finance

Practically Paying Off Debt

by Jan's Life
Image by Schäferle from Pixabay

Hi guys! This week, I wanted to talk more about a practical application of paying off debt. Last week, we touched on the avalanche and the snowball methods of paying off debt early. The avalanche method focus on paying off the debt with the highest interest rate first. The snowball method focuses on paying off the debt with the lowest balance first. Using the monthly net pay of $2,500 that we started with last week, let’s take a detailed look at the snowball method.

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Budgeting & Finance

Financial Check-Up: Where are you now?

by Jan's Life1 Comment on Financial Check-Up: Where are you now?
Financial Check-Up: Where are you now?
Photo by Andrea Piacquadio on Pexels.com

Hi guys! To get a good foundation on our finances, we need to do one more important thing: a check-up. Yep, your finances need to have check-ups too. One thing that was very apparent in 2020 was that the vast majority of us were not in good financial health, and a lot of people are still feeling those affects. Incomes have changed, living situations have changed, and for many families, medical expenses have changed as well. I think most people genuinely want to get a good handle on their financial situations but just don’t know where to start.

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