Tag: Debt

• Snowball vs. Avalanche: Which Student Loan Payoff Strategy Is Right for You?

  

  This post outlines effective methods for paying off student loans: the debt snowball and debt avalanche. The snowball method prioritizes small loans for quick wins, while the avalanche method tackles high-interest debt first to save money. Real stories illustrate each approach’s benefits. Ultimately, consistency and personal choice drive success in repaying loans.

  08/21/25

  Managing Debt

  Avalanche, Debt, Snowball, Student Loans

• 5 Essential Strategies for Managing High Interest Rates

  

  Rising interest rates significantly impact Gen Z’s finances, affecting savings, loans, and daily expenses. With credit card rates exceeding 20%, it’s crucial to pay off high-interest debt, open high-yield savings accounts, reconsider new loans, remain strategic with investments, and renegotiate budgets. Adaptability is key to financial success in changing market conditions.

  07/03/25

  Budgeting, Investing, Managing Debt, Saving

  Budgeting, Debt, Interest Rates, Investing, Saving

• Buying a Home: True Cost of Ownership

  

  The American dream and buying a home are often synonymous in the minds of millennials and generation Z. Buying a home is a huge milestone achievement. If you haven’t checked this milestone off, do not panic. Approximately only 25% of Gen Z adults owned homes in 2024, a figure that has remained relatively flat since…

  06/11/25

  Investing, Managing Debt

  Debt, Home, Investing

• Understanding Debt: What It Is and How to Pay It Down

  What is Debt? Debt happens when you use someone else’s money to buy things, like using a credit card or taking out a loan. You have to pay back the amount you borrowed plus extra money called interest. If you don’t pay it back on time, it can cost you even more. Why Paying Down…

  05/30/25

  Managing Debt

  Debt, Debt Management