Paying off debt can feel overwhelming, but here’s some good news: you don’t need to tackle it all at once. With a clear plan and the right strategy, progress is within reach. Two popular methods for paying off debt are the snowball and avalanche approaches. Each has unique strengths, and Read more…
If you’re feeling the pinch of higher costs when carrying a credit card balance, you’re not alone. Credit card rates are at historic highs, making it more expensive than ever to not pay your credit card in full each month. The reasons behind these increases involve a mix of factors: Read more…
We’ve been following a fascinating study from LendingTree that shows how boosting your credit score can significantly impact your financial life. The research found that improving your credit score from fair (580 to 669) to very good (740 to 799) could save you upwards of $22,000 over a lifetime! Yes, you Read more…
Historically, we tend to talk about “compound interest” as a positive concept when saving money. This post focuses on the other side – the negative power of compound interest. We will speak to the crippling impact of compound interest when taking on debt, using credit cards as an example. How Read more…