Debt Snowball Calculator – Quick Wins to Inspire Debt Freedom

Heart Snowball Gloves Winter Hands  - skeeze / Pixabay

Debts cause financial, emotional, and even physical struggles, but paying it off seems impossible.  What if you could create a roadmap toward debt freedom with a simple method? The debt snowball strategy is easy enough for anyone to use – even consumers living paycheck-to-paycheck. It’s a motivational program that encourages ‘quick wins’, which may motivate […]

Debt Avalanche Strategy – The Quickest Way to Become Debt-Free

Debt avalanche prioritizes the highest APR loans

Does paying high-interest rates keep you up at night? If you’re in over your head in debt, but can’t seem to get out of it, the debt avalanche may be the answer. This aggressive, yet incredibly successful program prioritizes your debts, helping you get out of what some people call ‘toxic debt.’  If you’re looking […]

Personal Loans: Tips for Keeping the Peace When Things Don’t Go As Planned

Debt Payoff Planner – Personal Loans: Tips for Keeping the Peace When Things Don't Go As Planned

Many of us have official obligations like credit card debt and less formal debts to friends or family members that include personal loans. Usually, one of these personal loans isn’t structured by a formalized loan agreement, but it can be equally important to your reputation, relationships and financial budget to treat personal loans just as […]

6 Mistakes to Avoid When Paying Down Your Debt

Debt Payoff Planner – 6 Mistakes to Avoid When Paying Down Your Debt

Are you saddled with student loan debt? Does your credit card debt keep growing? Getting out of debt, and staying out of debt, can be a very difficult process. Yet, it is one of the most important things you can do to set yourself on a strong financial foundation and begin to build wealth for […]

Debt Snowball vs. Debt Avalanche

Debt Payoff Planner – Debt Snowball vs. Debt Avalanche

If you are looking to get out of debt as quickly as possible, you have two major strategies to choose from if you are looking for a general plan. The Debt Snowball involves paying down the smallest accounts on your books while the Debt Avalanche involves paying down accounts with large interest rates first. Here […]

Should I Transfer My Credit Card Balances: Benefits and Risks

Debt Payoff Planner – Should I Transfer My Credit Card Balances: Benefits and Risks

When you have a large balance on a credit card, it might be worth thinking about transferring the balance to a different card. In this article, we will discuss the pros and cons of doing just that. It’s an option that can help people get out of debt, but you need to be aware of […]

Debt Consolidation Loans: Good or Bad?

Debt Payoff Planner – Debt Consolidation Loans: Good or Bad?

Have you recently found yourself drowning in auto loans, student loans, and credit card debt?  You’re not alone. Millions of American consumers are having trouble with paying their monthly credit card bills because they’ve gotten overextended, recently lost their job, or had to take care of another financial emergency. Weighing the pros and cons of […]

5 Ways to Pay Off Debt Faster

Debt Payoff Planner – 5 Ways to Pay Off Debt Faster

Paying off debt can be overwhelming at first because of the amount of time it will take to become debt free.  It’s critical not to get discouraged at this early stage.  Here are 5 tips that can be applied to help consolidate and eliminate debt. 1. Calculate How Much Debt You Have It’s time to […]

3 Signs it May Be Time to Refinance Your Car Loan

Debt Payoff Planner – 3 Signs it May Be Time to Refinance Your Car Loan

Auto refinancing might not be a topic that you’ve considered yet. Many people get their initial car finance loan and continue making payments until they have paid off the car or trade it for a newer model, never considering if it’s time to refinance car loan. However, refinancing your car could be a smart money […]