MONEY FORUMS

4 months ago
42
0
Financial Expert
Peter Neeves
Asked by: Peter Neeves

There are two basic methods people use to determine which debt to pay off first. Some people advocate paying the highest interest rate debt off first. They advocate doing so as this will save you the most money the fastest. Others recommend the "snowball" approach. In the snowball approach you pay the smallest debt first, working your way through your debts from smallest to largest. Snowballers advocate this approach as the quick success of seeing debts gone motivates you to continue - you get some instant gratification from seeing little debts gone and may be more likely to continue with debt reduction. Which method do you prefer and why?

0 answers
5 months ago
23
1
Anonymous
Anonymous

I have student loans and a Home Equity Line of Credit. Which should I pay off first?

1 answer
5 months ago
17
0
Financial Expert
Peter Neeves
Asked by: Doria Lavagnino

How do I buy a car?

0 answers
7 months ago
26
0
Asked by: Nora Douglas

how can I make a car purchase an investment instead of a loss?

0 answers
All
8 months ago
35
0
Asked by: Nora Douglas

Do investment apps affect my credit score?

2 answers
9 months ago
13
0
Asked by: Nora Douglas

Are academic scholarships subject to taxation?

1 answer
9 months ago
33
3
Asked by: Nora Douglas

How to make a monthly budget?

2 answers
9 months ago
28
2
Asked by: Nora Douglas

What do you think about investing apps like Acorns or Vestly?

1 answer
9 months ago
20
4
Peter Neeves
Asked by: Siddhant Chawla

How do I get started with investing?

1 answer
9 months ago
22
2
Anonymous
Anonymous

How do I find cheap but healthy food easily?

1 answer
  • Evan Sachs
9 months ago
20
1
Peter Neeves
Asked by: Daniel

How do I make money during college?

2 answers
9 months ago
28
2
Anonymous
Anonymous

What is some advice for recovering from financial infidelity?

1 answer
  • Evan Sachs
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