How to Not get Crushed by the Debt Snowball Method

dave ramsey debt snowball method

The debt snowball method can save your savings…if you don’t get stuck Dave Ramsey’s 7 Baby Steps are helpful to get out of debt, but sometimes they can be challenging — especially Step 2: the debt snowball method. My wife, Wendi, and I seem to be in a never-ending battle with it. If you are … Read more

Do you Know How to Rank your Debt?

debt ranking in order

Knowing how to rank your debt can open up new opportunities and improve your credit score Debt is bad! Paying off your debt is good! That seems to be immutable rule in personal finances with blogs regularly publishing stories of how one couple pays down tens of thousands in just a few months. You don’t … Read more

Your Complete Debt Consolidation Process

guide debt consolidation process

The debt consolidation process can save you money on interest and help get your credit back on track Up to this point on the blog, I’ve talked about how to save on everything from vacations to homemade cleaning products. The Frugal Grandma wasn’t always so good with her money though, there was a point when … Read more

Should You Pay Off Debt or Build Emergency Fund First?

pay off debt or build emergency fund?

This article discusses the pros and cons of paying off debt or building emergency fund first. Debt is a ball and chain that can affect your quality of life for years to come. The question should not be whether you should pay off debt but how much should be paid off each month. As we … Read more

12 Best Books about Debt Relief and Credit Repair

best personal finance books to read

A short list of Amazon’s best books about debt relief, credit repair and increasing your credit score I destroyed my credit in my early 20s and it was only by reading books about debt relief and credit repair that I was able to claw my way back to financial freedom. I ended up adding 140 … Read more

The Financially-Dumb Answer to Pay Off the Mortgage or Invest

should i invest or pay off mortgage first

The common answer to paying off debt or investing is wrong Whether to pay off your debt before you start investing. It’s one of the most common financial questions, financial arguments really. Most people say look at the numbers but I’ve got two reasons that make absolutely no mathematical sense but might just save your … Read more

Guide to Personal Bankruptcy: Everything You Need to Know

personal bankruptcy process resource guide

Personal bankruptcy can save you from lifelong financial loss but you need to understand the bankruptcy process and how to file correctly I had a high school teacher that was fond of saying, “Show me an income and I’ll show you how to live above it.” It wasn’t until I got older and had to … Read more

Rent to Own Home Scams and How to Avoid Them

what is rent to own home option

Rent to own homes can be a great option for bad credit borrowers if you understand how to find a fair deal Rent to own homes are a favorite tool of landlords and bad credit borrowers alike. How can it be that both sides of the table like these financial tools so much? It’s because … Read more

Pay Off My Mortgage Early? Pfft…Not in This Economy!

The Decision to pay off a mortgage early might not be as easy as you thought Are you seeing all these posts on how to pay off your mortgage faster? There are stories floating all over the Internet about people saving $50,000 in interest by paying off their mortgages early. So homeowners are coming up … Read more