Question: Would it be wiser to make extra payments to pay down a credit card that has a 0 percent interest rate with a somewhat large balance (around $6,000) or to make extra payments to pay down a credit card with a smaller balance (around $2,000) and 11 percent interest?  I’m trying to decide which one to pay down on first. The card with 0 percent is for the life of the loan.

Answer- Here’s how you can eliminate your credit card debt: 

It’s great that you want to pay off your credit cards. It’s one of the most rewarding financial goals you could … Read more »

Fine tuning your monthly budget is always a good thing. But how do you manage expenses that only happen once a year?

A Reader Question

I have read a few of your books and they have immediately opened my eyes to different ways we can help ourselves become more economical.

At the end of last year I started to look at budgeting our money so that we can pay off those pesky credit cards, loans, and other debt. My wife and I each have incomes that don’t fluctuate much so we can predict what each paycheck is going to be. I also … Read more »