When it comes to wanting to pay off your debts how much of a priority do you give it.?
Lets examine this for a bit , as I can relate to myself I give it 100% of my available resources. You would probably wander why would I do that when I can possible do so much more with it , if I kept it availalbe to me for today. Here is how I justify doing it this way and want everybody to think long and hard about this one. I got a decent income tax refund so decided to just that , I put about 3,000 dollars in the bank hoping to build some interest to be able to put to good use another day. Silly me, as it only earned me a whopping 2+ and I find that absolutly insane, when you will pay 50 X that amount in interest on a credit card or loan. So making my priority to pay off my debt first will pay off in the end as I will have saved thousands of dollars that you are guarantedd to pay if you dont make debt pay off a priority. Thinking that you will suddenly come up with the money to take care of this issue is the worst approach you could take. Prioritize your money today will save you thousands for the future.
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Friday, May 1, 2009
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