Category Archives: Debt

Debt Snowball

Before embarking on any debt reduction plan, be sure to save up $1000 as an emergency fund. Once this first step is behind you, it’s time to take a look at your debt repayment plan. One of the most effective … Continue reading

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Maximize Home Mortgage Interest Deductions

Before the TCJA, taxpayers could deduct interest paid on up to $1 million ($500,000 if married filing separately) of home acquisition debt (debt used to buy or substantially improve a first or second home). Also, taxpayers could deduct interest paid … Continue reading

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The Fastest Way to Pay off Debt

Getting out of debt is the dream of millions of Americans every year. But sometimes the reality of becoming debt-free is still in the dream phase. Some steps are more effective than others in tackling this huge financial situation. Before … Continue reading

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What You Need To Know About Renting Vs. Buying A House

Many people of all ages face this dilemma: you’re ready to move, but can’t decide if you should rent or buy. This isn’t a question that has a one-size-fits-all answer. In fact, the answer varies greatly depending on your finances … Continue reading

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Should You Freeze Your Credit?

Using a credit card for purchases is often convenient, but it does bring with it some risks. Fraud is on the rise, and virtually everyone is at risk to some degree. If it hasn’t already happened to you, you probably … Continue reading

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Easy Steps To Get Out Of Debt

Whether it’s from the recent holidays or from life in general, staring at a pile of debt can be downright overwhelming. But tackling this problem can actually be a lot easier than it seems. It just requires a well-thought-out approach. … Continue reading

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Saving for Retirement vs. Paying Off Student Loans

How does one decide between paying off student loans and saving for retirement? Both are solid goals, both are keys to increasing wealth, but which one should take priority? Without fail, most financial professionals will have you contribute first to … Continue reading

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