A couple of months ago, Suze Orman advised her followers to just pay the minimum payments on their credit cards and hoard cash in order to build up an emergency savings fund. She was lambasted by critics who felt that this was an unrealistic goal with high costs.
I’m in agreement with the [...]
Entries Tagged as 'Emergency Funds'
Pay Off High Interest Rate Credit Cards with Savings?
September 17th, 2009 · 1 Comment · Banking, Budgeting, Credit Cards
Tags: Credit Cards·Credit Limit·Credit Score·Emergency Funds·high interest·MSN Moneycentral·save money·savings·Suze Orman·zero percent interest
Debt – Living Frugally Is Only Part of Solution
September 3rd, 2008 · 1 Comment · Budgeting, Consumer Debt
Sure, learning to spend less money when you are trying to get out of debt is pretty important. But just spending less won’t guarantee success. Here are some other things you need to do:
Get your finances under control – This means you need to know pretty precisely what is coming in [...]
Tags: debt·Emergency Funds·Increase Income. Motivation·Living Frugally·Problem·Solution
