Have you ever heard of the snowball method for paying off debt? I believe it was made popular by Dave Ramsey (who I don’t follow), but I’m sure many people started using this method many years ago. The idea is simple. You “snowball” all of the money you have available to put towards debt and apply it to the smallest loan amount first. Once that loan is paid off, you snowball your debt payoff money into paying off the next smallest loan.
I came across this question a few weeks ago on one of the many discussion boards I frequent on the web. “How many times do you pay your credit card each month?” My first thought was: “Once. Why would anyone give themselves more bills to pay in the same month?” I pay my balances in full on their due date each month and forget about it until the next month. After I got off my high horse, I remembered that I have, in fact, made multiple payments towards my credit cards in the same month in the past. And for good reason, too! Maybe you should be doing the same!
I’m sure we all feel the same way about fees, but we understand that they are a necessary evil. I consider myself a good consumer (I pay my bills on time), but we all slip now and then. When I get hit with a fee, I always try to get it waived. Otherwise, I feel as though the fee is laughing at me and I can’t let that happen. Read on for my tips on how to get bank fees waived.
Are you familiar with the book The Five Love Languages? The author, Gary Chapman, suggests that we each speak our own love language. When we learn what our language is and understand our partner’s (or children, parents, friends) language, we are able to build healthier and stronger relationships.
My husband P and I were discussing our finances recently and it hit me. Talking to your spouse about money has a learning curve. We speak completely different money languages. I started to think about how my parents, cousins, and friends spoke about money and finances. It was interesting to me that we all have our own way of thinking about money! So, just for fun, I present to you: The Four Money Languages.
For the most part, I have had a pretty good relationship with my credit cards. We didn’t get along perfectly in the beginning, but we’ve worked out our differences over the years. While some folks believe credit cards are the devil, I am a huge proponent of using credit responsibly. The important thing to remember when swiping the plastic is to exercise self-control and discipline if you want to make your credit card work for you. It shouldn’t be the other way around. We are the boss of our spending and credit cards.
I have a nerdy confession to make… I enjoy budgeting. I like big spreadsheets and I cannot lie. In the accounting world, staring at spreadsheets is about 99.9% of your job. Those spreadsheets were boring, but I found myself addicted to using spreadsheets for my own personal income statements, profit & loss statements, and balance sheets.