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OutOfYourRut FAITH FORUM



Payoff Your Credit Cards – But Set the Stage FIRST

It’s easier when you take care of a few things first

By Kevin M

It’s been said that the best way to accomplish a big project is to break it into a series of smaller ones. Paying off credit cards can be as big a project as we can imagine, based on the size of [...]

Save for Retirement Now or Payoff Your Mortgage First?

By Kevin M

Two of the most important components of retirement planning are a generous retirement savings plan and a mortgage free home. But if limited resources force you to make a choice, which goal should get the lion’s share of your extra income?

There are three basic choices:

1) Emphasize retirement and let the [...]

Should You Use Retirement Savings to Pay Off Debt?

By Kevin M

Despite the near sacrosanct status of tax sheltered retirement accounts, there are situations in which liquidation makes abundant sense. From the outset, let me say that I don’t advocate raiding retirement accounts except under extreme circumstances.

When to consider tapping retirement savings

My personal opinion is that if survival is at stake tapping retirement [...]

Build Savings or Payoff Debt – Which Comes First?

Newsflash: You can’t get out of debt until you stop being broke!

By Kevin M

Some argue that if you’re in debt the priority needs to be to payoff your debts before attempting to build a savings account. Many call for the establishment of a small emergency fund—typically $1000—to handle contingencies, and then to pour all [...]