This is a guest post by Jason Holmes.The debt scenario in Australia has reached great levels. There are many sinking in credit card debt, looking for ways in which they can get out of debt. If you are one such Australian hit by debt, then you must try and come out of the situation. If […]
Is there such a thing as ‘good debt’ and if so what is the difference between good debt and bad and how can knowing the difference affect your finances?
Interest doesn’t only compound on our savings, it also compounds on our debt. Understanding how compounding works can not only increase investment returns, but can save you thousands in interest on debts.
Snowflake your way out of debt. On top of snowballing, this is an effective way to pay off debt fast.
The snowball method of debt reduction is a powerful way to reduce debt in less time saving you more money.