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The Strategies shelf

9 essays in this section.
Paying off debt faster when your income changes every month
Strategies 5 min
Paying off debt faster when your income changes every month

Paying off debt faster when your income changes every month

Variable income makes fixed payoff plans feel useless. They aren't — but they do need a different structure, one built around floors instead...

Why paying off the wrong card first costs you more than you think
Strategies 5 min
Why paying off the wrong card first costs you more than you think

Why paying off the wrong card first costs you more than you think

Most people pay extra on the card with the lowest balance. It feels logical. The math, though, tells a quieter and more expensive story.

Why paying the minimum feels like progress (and why it isn't)
Strategies 5 min
Why paying the minimum feels like progress (and why it isn't)

Why paying the minimum feels like progress (and why it isn't)

Minimum payments were designed by lenders, not for you. Here's what actually happens to a $6,000 balance when you only pay what's required —...

The case for pausing extra payments when you have no emergency fund
Strategies 5 min
The case for pausing extra payments when you have no emergency fund

The case for pausing extra payments when you have no emergency fund

Putting every spare dollar toward debt feels disciplined. But one car repair or medical bill can undo months of progress — and leave you rea...

Why paying off your smallest debt first sometimes costs more — and still makes sense
Strategies 5 min
Why paying off your smallest debt first sometimes costs more — and still makes sense

Why paying off your smallest debt first sometimes costs more — and still makes sense

The avalanche method saves more money. The snowball method saves more people. Here's how to decide which trade-off you're actually willing t...

Why your minimum payment barely moves the balance
Strategies 5 min
Why your minimum payment barely moves the balance

Why your minimum payment barely moves the balance

You paid $180 last month. Your balance dropped $12. Here's the arithmetic behind that feeling of running in place — and what actually change...

Strategies 5 min
Balance Transfer vs Personal Loan for Debt Payoff

Balance Transfer vs Personal Loan for Debt Payoff

Two popular options for consolidating debt—but which one will save you more money?

Strategies 4 min
Is Debt Consolidation Worth It?

Is Debt Consolidation Worth It?

Debt consolidation sounds appealing, but is it the right move for you? Here's how to decide.

Strategies 3 min
Debt Snowball vs Avalanche: Which Strategy Is Right for You?

Debt Snowball vs Avalanche: Which Strategy Is Right for You?

Compare the two most popular debt payoff strategies and discover which one fits your personality and financial situation.