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.
A lot of people that just started investing their spare cash wonder how to make more out of their money. How they can make higher returns. I’m in that same categorie. But it really doesn’t matter that much what your returns are in the first year or two. It is way more important to focus all of your energy on just saving more. Here is why: