Did you know that the average American household carries $15,654 in credit card debt? Did you also know that the average interest rate for credit cards is 15.07%? That means the average American household is paying approximately $2,359.06 in credit card interest each year. These are rough numbers, but hopefully it illustrates that debt pay off is a problem for … Read More

What if every day you put $3.00 in a savings account, and that savings account returned 5% per year, how much would you have at the end of 30 years? Roughly $65,000 (gain of approximately $33,000 including taxes), all that $ for less than the cost of a Starbucks each day. So why doesn’t everyone do this? Most people try … Read More

Dave Ramsey discusses his 2nd step to financial freedom… Paying off all debt but the mortgage. Sometimes it’s difficult to make a large extra payment toward credit cards every month. Snowball reduces the need to budget this extra payment by sending small amounts to your credit card company every few days. A maximum monthly dollar amount can be set. It’s … Read More