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Category: Debt Management

Debt Management

Considering Contributions to a 401(k) or IRA While in Debt: Applying the 5% Cutoff Rule

  • By ningmenggege@outlook.com
  • February 24, 2024
  • 0 comments
1 min read

One of the most frequently discussed financial topics at work lunch-room tables (and anywhere, really) centers around saving for retirement versus paying off debt. Topics […]

Leave a Comment on Considering Contributions to a 401(k) or IRA While in Debt: Applying the 5% Cutoff Rule
Debt Management

A Perspective on Credit Card Debt That Should Motivate You to Overcome It

  • By ningmenggege@outlook.com
  • February 24, 2024
  • 0 comments
2 min read

Current average APR for credit cards stands at 17.69% (with many exceeding 20%). Assuming monthly compounding balances, the effective APR could rise nearly one percentage […]

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Debt Management

The Inverse of Compound Returns

  • By ningmenggege@outlook.com
  • February 24, 2024
  • 0 comments
1 min read

At an earlier point in time, I shared why compound investment returns can make such an impactful statement about saving. Here’s what I calculated in […]

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