How To Decide Whether To Sock Funds Away Or Pay Off Debt

How To Decide Whether To Sock Funds Away Or Pay Off Debt

When you get a hold of a large chunk of cash — say, from a bonus, tax refund or item sale — those with the self-control not to blow the funds have to decide whether to save it or pay off debt. While there are other options available, such as investing or donating the money, saving vs. debt reduction is one of the tougher quandaries to decipher. [More]

Would You Rather Have A Savings Cushion Or Get Rid Of Your Debt?

Would You Rather Have A Savings Cushion Or Get Rid Of Your Debt?

Personal finance blogger Debt Ninja writes that he has $22,000 in savings, and isn’t sure whether to use the majority of that to blast away his $15,000 debt. On top of that, he’s got a wedding and honeymoon to save up for. [More]