Using the Debt Snowball Method to Turn Your Financial Life Around

Using the Debt Snowball Method

 

The Power Within

This next post was written by my colleague Mr. SR, who blogs at semiretireplan.com. He shares his financial knowledge and experience on debt payoff strategies, and how each one can work for you.

What I found particularly interesting about this article were the emotional and psychological effects of both having debt, and paying it off. Because while the base concept is purely mathematical, the accompanying factors have such a personal and emotional impact.

Which I guess is why so many people say “personal finance is personal”. But if you’re not familiar with the “debt snowball” or its alternatives, read more below. There are some fascinating nuggets of information that tie back to science, which you won’t want to miss!

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Money and Health Topics: Women Demand More

Women Demand More - Woman Facing Sunset

 

When Worlds Collide

So something really interesting happened last week.

I attended an online webinar in my workplace, and it had to do with topics that I write about on this blog.

Which was super exciting for me, because very rarely does my day job overlap with my after hour activities.

Yes, I do work in the financial services industry — but the actual topic of my work is not something I blog about. I’m not a financial advisor, and don’t offer actual money advice to any of my readers.

Because, c’mon — that would just be asking for trouble, now wouldn’t it?

Plus — see my Disclaimer — I will never even pretend to offer financial advice to anyone who reads my blog. Unless it were to say “Hey you, stop being like me! And cut up those blasted credit cards!!”

But other than that, I’m happy to just be the anecdotal example of how not to fritter your money away over the years.

Which is why I was tickled up and down to see my employer partner with Fidelity to offer this free online webinar. I jumped right onto that opportunity, and signed up for the very first presentation. And was chomping at the bit to discover all the discussion might entail, so I could share my learnings with you all.

And while the following may be specific to women, I’d encourage any fellas out there to read it as well. Think of it from the perspective of your wife, or mother, or sister.

Consider the information below as seen through the eyes of your daughter, or future granddaughter, or niece.

Note: This is not a sponsored or affiliate post. It’s just information I learned and wanted to share.

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Selling Your Used Cell Phone to Get Top Dollar

How You Can Sell Your Used Cell Phone Online
Sell Your Used Cell Phone Online

 

Last week my phone up and died on me. It was pretty old — at least according to current standards. It was an iPhone 6 that I’d been using for the past 3 years. And I’d been noticing the battery was not staying charged anymore.

Then one day — kaplooey — it just wouldn’t start up at all.

Luckily, I’d been pretty diligent with keeping it backed up to the Cloud, so didn’t lose all of my files, photos or videos. And even luckier, we happened to have another phone laying around the house. My partner had an old 6 plus that he used before upgrading to the X. So I was able to have everything transferred to that device, and get it activated.

However I did go 3 entire days with no phone whatsoever — Which wasn’t actually as catastrophic as one might think. Then again, I do work entirely from home, so it’s pretty easy for people to get in touch with me. If I had a job that required a fair amount of travel, I’d want to have a phone handy.

But had my phone lived for a few months longer, I most likely was going to upgrade anyway. And definitely would have looked into a way to trade in the older model for some sort of compensation. So the following article is something I’d like to keep in my back pocket, for future reference.

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