Your online guide to making money, saving money and living life on your terms.
Should I pay off my mortgage or invest the money and aim to grow it? It’s one of the questions most of us ask as we reach financial maturity. The answer is that you should do both, but the extent to which you focus on each option depends on your attitude to risk and … Read more
The debt avalanche strategy is a debt repayment method that sees you paying the minimum interest charges possible, by focussing on your debts with the highest interest rate first. At the same time, you make the minimum monthly payment on your other accounts. Is the debt avalanche method the right debt repayment approach for you? … Read more
The debt snowball is a method of repaying debt that has received support from Dave Ramsey, a prominent personal finance expert based in America. It involves paying off your debts from smallest to largest to encourage more motivation to become debt-free. At the same time, you pay the minimum payments on your other debt … Read more
Credit card debt can be extremely expensive, so the best way to pay it off is as quickly as possible! While that can sound easier said than done, there are several ways that you can use to tackle your credit card debt, including free balance transfers, getting a side hustle, and consolidating your debt. … Read more