Oh man. I might be going to personal finance hell for this one, but ya gotta at least hear me out. You’ve all heard of the Roth IRA right? You know, it’s a crazy awesome type of Individual Retirement Account. Well, today I would like to introduce you to a new concept. The Roth IRE. [...]
emergency fund
It’s time to help another PDITF reader out. Jane sent me an email. It says… You’re all about debt reduction and I can get on board with that, but we (hubby and I) are contemplating getting into business for ourselves. Would this be acceptable debt (in your eyes)?? We’re looking at possibly $50k with the [...]
As I mentioned last week, I decided it was time to say “Adios” to Sallie Mae and get rid of my stupid school loan. Two years ago my account balance was $28,000 and today it stands at $4,500. I made a $10,000 payment towards the loan last week, which was totally awesome, but my savings [...]
What situation would you rather be in… Situation Uno: You could have $20,000 in savings, but also have $15,000 in mid-interest debt (7%). Situation Dos: You could have $5,000 in savings, but zero debt. I’m currently sticking with situation uno. I have $22K in the bank and a little over $15K in debt. I could [...]
