So you have decided to start paying down your debts. If you only have a mortgage that you can easily afford, this is not a problem. But if your are drowning in debt, what do you do? Let’s investigate the options you have here; the debt snowball and the debt avalanche. I will assess both debt strategies here, assisted by a case study with Jeff, who’s in quite some debt.
You, my dear reader, are probably working on your financial independence. You have some leftover money in your budget, and are now wondering. Should I pay off debt or invest my money in the stock market or real estate?
This week I finally did it. I signed on the dotted line, and promised the bank that I will pay them back a crapload of money. I have been busy refinancing my apartment.
After all the considerations, spreadsheets, and thinking I knew this is a good idea. When you see the official paperwork, and the amount you owe, it’s a different feeling. Suddenly it seems like a lot of money. However, I guess a lot of people wouldn’t consider the mortgage I took out as a high mortgage.
Here are 7 sign that tell you are a big personal finance nerd!
A while ago, Girlfriend and I were discussing money related issues. Not in a fight-type of discussion, but just talking about it. At one moment she says to me: “You know, you are a little Scrooge McDuck, they way you focus on money.” Do I put too much emphasis on money related issues in my life?