This topic was requested in my Facebook group (you can join here). People wanted to know if a balance transfer was worth it. If you read my blog, you know I am not a huge fan of credit cards, but they could be a useful tool on your financial journey. I will attempt to breakdown some of the pros and cons of doing a balance transfer.
Wow! Sitting down with these numbers is both empowering and depressing. LOL! I mean the massive amount of debt that I have taken on between school, cars, and business expenses, it's amazing! I use this blog for motivation and accountability so an important part of that is transparency. In this post, I will break down all of my debt, investments, and bank balances so I can use it as my baseline for progress throughout the year. Well, without further ado, here we go...
I want to feature your questions on my blog, YouTube channel, and podcast. Submit here and you could be featured! Let's continue the money talk!
Ok, so now we know what's on our credit and our credit score. Let's clean it up a little! I want to start with collection accounts since they are the most detrimental to your score. Never pay anyone to do this for you! It is pretty simple and I am going to walk you step by step.
I had to take a quick break from our credit discussion to announce my first student loan debt has been paid in full! I am super excited! I am in the middle of my debt snowball (paying debt down in order from smallest balance to largest). That particular loan started with a balance of $3832. It is now $0! That was my smallest debt, now on to the next! Woohooo!
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