DFA Julianna needs debt help dealing with looming issues like bankruptcy and foreclosure. Check out the advice Robert gives and come help out by giving some advice of your own.
DFA reader Tiffany and her husband are wondering is saving money or repaying debt is the best way to prepare for job loss. Check out my recommendations, and share any advice you have that could help them through this tough situation.
Due to uncertainty in our employment we are changing our strategy from one of hard core debt reduction to one of hard core saving. Check out our March progress and read more about our choice to start hoarding cash!
We will pay extra principal payments on our two highest rate loans and save all excess in a Debt Repayment Fund for future lump sum debt payments. We are doing this as a hedge against unemployment and a devastated Michigan housing market.
Setting concrete savings goals helps to save money and bolster the necessary motivation to sacrifice and follow through. Come see how we modified our plan to help meet our goals.
Debt reduction remains strong and consistent. Savings remains strong and consistent. Side income continues to grow and diversify. I can’t wait to pay off our Lending Club loan in March!
"Let us hear the conclusion of the whole matter: Fear God, and keep his commandments: for this is the whole duty of man. For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil."
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