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10 Ways to Make an Extra $500 a Month – Maybe Even this weekend!

10 Ways to Make an Extra $500 a Month

10 Ways to Make an Extra $500 a Month Would an extra $125 a week really change your budget? When we were going through our debt snowball pay off, I know adding an extra $400-$500 a month could have easily changed our outcome of how quickly we paid off our debt snowball. Here are 10 […]

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How to Pay Off Credit Card Debt Fast

How to Pay Off Credit Card Debt Fast

Does the stress of your monthly credit card bill make your stomach turn? The average household is carrying credit card debt balance of $15,482. With a national average of 16.5% interest and 3% minimum payments, it’ll take about 254 months, or or just over 21 years to pay off your credit card balances.[1] At this rate, […]

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What is a Good Debt-to-Income Ratio?

What is a good debt to income ratio

When looking to open new loans, a bank will look at your debt-to-income ratio. Banks want a 43% debt-to-income ratio for you to still meet the requirements for a qualified mortgage. What is a good debt-to-income ratio? Generally, the answer is to maintain a ratio at or below 36%.  Lets define the debt-to-Income ratio (DTI) […]

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While you Pay Off Debt, Should you Invest in your Retirement too?

pay off debt and Invest

When you are in your debt, should you pay off debt and invest in retirement? Conventional wisdom says you should always make saving the standard 15% of your income for retirement a priority. There are times, though, when you should delay contributions to a retirement account and focus on paying off your debt. The main […]

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How We Used the Debt Snowball – and How Bad Our Debt Was.

How We Used the Debt Snowball - and How Bad Our Debt Was.

Back in December of 2003, my wife and I sat down to figure out how bad our debt had become. It was a real challenge. We placed all our debt, monthly expenses, and income on paper. Seeing those numbers stare back at you can be a scary moment. That’s when we realized that we were […]

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