Making a large purchase is intimidating but there are a few ways to make it easier. I am a believer in taking on debt if it’s accretive in nature, meaning it’s helping my net worth grow. Making a big purchase that is erosive to your net worth is buying a
Let me clarify that a little, it is not the “financial freedom” that Suze Orman and Dave Ramsey will make you think it is. Those two may be misleading, and they are likely talking to a group of people that struggle to understand how to use debt properly. We often
The short answer is usually to always pay off high interest erosive debt like a credit card first (The First 8 “Good” Money Habits). You cannot consistently return more than credit card interests rates, therefore, you should pay it off before you start saving. Credit card debt hurts your credit
