Debt snowball method is a wildly popular way to pay off debt. It has helped millions of people pay off their debt, which is great. However, it may not be the best method to actually pay off debt in the end. Wait... Isn't the debt snowball the only way to pay off debt? That is what Dave Ramsey teaches everyone to do, right? There may be other methods - debt avalanche or debt … [Read more...] about 5 Reasons NOT to Choose the Popular Debt Snowball Method
Cash Flow Killer (DEBT)
Debt is a burden.
There is no way to get around that. Money Bliss can help. It doesn't matter the type of debt - car loans, credit card debt, or student loan debt.
Debt is the cash flow killer each and every month.
There is hope! Paying off debt is possible. We have done it. Same with other Money Bliss readers!
Learn how to get out of debt.
Understand the true meaning of debt and why it is withholding you from the life you want to live.
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Top Cash Flow Killer (DEBT) posts:
Paying off debt is Money Bliss Step #4.
Why isn't paying off debt the first priority?
Very simple...you need to follow the Money Bliss Steps in order to succeed with money.
If you ultimate goal is just to payoff debt, then you will be caught in the debt trap once again. Learn the Money Bliss Steps for Financial Freedom.
This is probably one of the top questions I get all the time... Should I pay off debt or save money? There is a very clear answer on what you should do. We just need to make sure you have a few things in order first. The one (big) thing we learned before our successful attempt to pay off our debt is we were trying to accomplish everything at once. It was very difficult to make progress on … [Read more...] about Should I Pay Off Debt or Save Money – Yes!
The good and bad with taxes. The good news is hopefully you are receiving some tax refund back. The bad news is you have to file your taxes. (If you haven't started yet, learn how to file your taxes online in one afternoon.) For this post, we are going to focus on the good news. You have a tax refund coming your way! Now, decisions have to be made on what to do with your tax refund. … [Read more...] about 10 Smart Ways to Spend Tax Return & Not Blow It
Probably the subject line here makes you cringe. How to talk about money with your spouse? Maybe it is your significant other? Or partner? This can be a touchy and difficult conversation to have. Especially when the talking leads to fighting, which just escalates the emotions even further. So, how can you talk to your spouse about money without fighting? Or how can you move past the … [Read more...] about How to Talk about Money with your Spouse
There are many thoughts on how to spend your money, how much to save, what qualifies as a mandatory vs. discretionary expenses…the list can go on and on. When using percentage based budgeting, you are allocating a percentage of a budget for this category or that category. Also, did you know it is one of many budgeting methods? All of the Best Methods of Budgeting You Need to … [Read more...] about You Need to Know Why the 50/20/30 Budget Rule is Wrong & How to Use the Cents Plan Formula
The cash envelope system can be a game changer for anyone struggling with money. It is the best way to only spend what you can actually afford. IN CASH! For many people, they can't imagine ever spending money than using the cash envelope system. While it is a game changer, you must learn how to use the cash envelope system correctly. If not, you are in the same game as before. It won't be … [Read more...] about How to Successfully Use the Cash Envelope System