Comments on: How To Get Out of Debt and Become Debt Free Forever http://moneydebtandtaxes.com/how-to-get-out-of-debt-and-become-debt-free-forever/ Kathleen Napolitano, EA Fri, 27 Apr 2012 21:33:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Don't Pay Off Your Credit Cards | Money, Debt, and Taxes http://moneydebtandtaxes.com/how-to-get-out-of-debt-and-become-debt-free-forever/comment-page-1/#comment-109 Don't Pay Off Your Credit Cards | Money, Debt, and Taxes Sun, 26 Apr 2009 22:09:33 +0000 http://mycfoonthego.com/?p=79#comment-109 [...] WHAT! Excuse Me? Is this the Motley Fool, or some hack. Why would you do that?  The argument the Motley Fool gives is that with the low interest that savings accounts pay your are much better off paying off a 19% credit card than leaving that money in a savings account paying 1% interest…or less.  From a strictly numbers point of view that might be correct, but from a learning how to manage your money better point of view that is a terrible suggestion.  What do you do if your car breaks down and you don’t have an emergency account?   An emergency account is an essential if you want to get out of debt forever. [...] [...] WHAT! Excuse Me? Is this the Motley Fool, or some hack. Why would you do that?  The argument the Motley Fool gives is that with the low interest that savings accounts pay your are much better off paying off a 19% credit card than leaving that money in a savings account paying 1% interest…or less.  From a strictly numbers point of view that might be correct, but from a learning how to manage your money better point of view that is a terrible suggestion.  What do you do if your car breaks down and you don’t have an emergency account?   An emergency account is an essential if you want to get out of debt forever. [...]

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]]> By: Ankit http://moneydebtandtaxes.com/how-to-get-out-of-debt-and-become-debt-free-forever/comment-page-1/#comment-105 Ankit Fri, 05 Dec 2008 05:21:08 +0000 http://mycfoonthego.com/?p=79#comment-105 Debt Free Forever...Phew.that seems like a dream:-) But yes,as u say it sure is possible with discipline and decication. BTW thanks for dropping by:-) <abbr><em>Ankit’s last blog post..<a href="http://feedproxy.google.com/~r/GettingMoneyWise/~3/IDzKqzkM8wU/parachute-clause-win-win-for-private.html" rel="nofollow">PARACHUTE CLAUSE-A Win-Win for Private Equity(PE) Players</a></abbr></em> Debt Free Forever…Phew.that seems like a dream:-)
But yes,as u say it sure is possible with discipline and decication.
BTW thanks for dropping by:-)

Ankit’s last blog post..PARACHUTE CLAUSE-A Win-Win for Private Equity(PE) Players

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