Sentences with phrase «tackling those debts first»

The logic here is simple: if the interest rate on your debt is higher than the rate of return you'd get on the investment, tackle the debt first.

For example, if you have $ 10,000 in credit card debt that is costing you 24 percent in annual interest, you should tackle that debt first.

If you can't meet your expenses without struggling — either now or in the near future — then your priority should be to tackle debt first, including that massive mortgage.

The conventional wisdom is to tackle your debt first and invest later.

For this alone I think it's worth tackling those debts first.

Not exact matches

Robert Abboud, a certified financial planner based in Ottawa and author of No Regrets: A Common Sense Guide to Achieving and Affording Your Life Goals, says high - interest - bearing consumer debt should be tackled first.

And don't forget, tackling the highest interest rate debt first isn't the only way to speed up your debt payoff.

A more cost - effective strategy is the debt avalanche method, under which you tackle the balance with the highest interest rate first.

Steve suggested you tackle the highest interest debt first.

First, Beijing must aggressively tackle the country's debt burden.

It's easy to get hung up on which debt to tackle first.

But, instead, you order your debts so you tackle the highest - interest debts first then work your way down the list.

Our approach is to understand why people are stuck in poverty in the first place, and help them break free by tackling welfare dependency, addiction, debt, poor schooling and above all, family breakdown.

You should plan to tackle necessary plans for your emergency fund, retirement fund, and debt repayment first, then determine how much you can spend on other goals, like travel and a down payment for property.

Tackle the high - interest - rate debt first, consolidate debts to a lower - interest rate, or cut up your credit cards if you can't pay off total balances each month.

They're spending less because they first have to tackle their student loan debt.»

Those hefty interest rates are going to be the debts that you'll want to tackle first.

The less the better, but most likely you are going to have some and if you've been ignoring that debt, it's now time to stare it in the face and take the first step to tackling that debt full on.

Like Debt Payoff Pro, you must enter your debts into the app and choose a plan, but the strategies you choose in Debt Free will focus on tackling that first dDebt Payoff Pro, you must enter your debts into the app and choose a plan, but the strategies you choose in Debt Free will focus on tackling that first dDebt Free will focus on tackling that first debtdebt.

Pay off your highest interest loans first Some financial experts will advise you to tackle the highest - rate debt first because interest is accruing at a brisk pace.

Some will argue that tackling the highest balances first makes sense, but momentum will play a big role in getting you out of credit card debt.

Steve suggested you tackle the highest interest debt first.

Better to tackle your own debt first, then worry about helping your kids out.

-LSB-...] The magic of the Dave Ramsey version is that if you tackle the smallest debt first, you'll pay that off quite quickly which will give you the psychological boost you need to believe that it will work, and so stick to it.

It operates with the virtue of debt avalanche method wherein the debt with the highest interest gets tackled first.

The first step in tackling student loan debt is for borrowers to take an inventory of the different types of student loans they have.

However, it starts with tackling the debts with the highest interest rates first.

However, it starts tackling the debts with the highest interest rates first.

Prioritize which debts to tackle first.

«For a financial advisor, one of the first steps in working with a new client is tackling unnecessary debt to free up money for savings.

In some cases, it makes sense to focus heavily on your high - interest debt first, and then tackle your other debts at a slower pace.

One of the questions that many consumers ask as they wrestle with the realities of debt repayment is which debt to tackle first.

Out of SOL debt should be the lowest priority on repayment and set aside till all other debts are tackled first.

If you need to see a strong sense of progress you may want to start conquering smaller balances first as you tackle your debt mountain.

In what is the first big sign that the CFPB is tackling debt settlement, a tipster (send in your tips here) sent me a copy of a letter from the CFPB to Next Generation Debt Settlemdebt settlement, a tipster (send in your tips here) sent me a copy of a letter from the CFPB to Next Generation Debt SettlemDebt Settlement.

Debt Snowball — With the snowball method, you tackle the debt with the lowest balance fiDebt Snowball — With the snowball method, you tackle the debt with the lowest balance fidebt with the lowest balance first.

The «snowball» method is where you pick your smallest debt and tackle that first.

We just don't know what debt we should tackle first?

Make sure your tackle your priority debts first, for example, debts which could mean losing your home or having your electricity or gas cut off.

Get rid of the high - rate debt first and tackle the student loans once that's out of the way.

I love the idea of tackling debt with the most emotional impact first.

A study from the University of Michigan, «Winning the Battle but Losing the War: The Psychology of Debt Management,» found that it's more financially effective to tackle the highest - interest debt first — no matter how large the debtDebt Management,» found that it's more financially effective to tackle the highest - interest debt first — no matter how large the debtdebt first — no matter how large the debtdebt is.

In this paper, Brown and Lahey use an experiment (unrelated to debt payment) to determine that research subjects are more motivated to complete a task if they tackle smaller, more manageable pieces first.

Tackle these types of credit cards first, and you can help you credit score a little bit, as well as get rid of what might be your highest interest debt.

Here are some practical ways you can quickly tackle your credit card debt and take your first real steps toward getting out of debt: * Put your credit cards away until you have completely paid off the outstanding balances.

When our EF is at $ 1000 (no kids), we're tackling the debt (smallest one first, need the psychological boost).

Now that you've decided to start tackling your debt, the question becomes which debts do you go after first.

When you've got a choice between paying off a credit card or two and tackling an installment loan, you're better off wiping out the revolving debt first.

Some financial experts will advise you to tackle the highest - rate debt first because interest is accruing at a brisk pace.

The idea behind this method is that tackling smaller debts first will empower you to go after larger debts, a strategy devised by personal finance expert Dave Ramsey.