Penguin Thoughts

  You now understand how a balance transfer works and the ways you can maximize the benefits without falling victim to a trap. Now it’s time for us to talk about how to actually go about picking your balance transfer credit card! It starts with finding a good...

  When applying for a balance transfer credit card, it’s natural to fret a little -- or a lot -- about how this move will impact your credit score. And notice, I said “will” not “could” or “if” or “may”, because getting a new line of credit is definitely going to...

  A balance transfer is one of the most efficient ways to slay credit card debt -- but that’s not profitable for the banks! Surprise, surprise, banks looooove when you pay oodles of money in interest. So even though banks allow you to transfer your balance and...

Wondering what balance transfers are and how they work? This post will answer just that and everything you need to know in order to get started with one.

You’ve faced your numbers. You have all your debts written down, a sensation of gloom and doom is curdling in your stomach and you’re thinking, “NOW WHAT?!” Now it’s time to decide which strategy you want to implement on your debt-free journey

Now you know that debt snowball is the strategy that gives you that hit of dopamine during your slog of paying off debt by providing little wins along the way. It’s the psychologically correct approach for a lot of people, but debt avalanche is perfect for all the number nerds out there.

You’re educated on two great ways to pay off debt: Debt Snowball and Debt Avalanche. Now you have to make the choice about which one is actually the right fit for you. Don’t let the anxiety of having to make a decision paralyze you, because there’s some good news…

Find out everything about the debt snowball method so you can free up cash for your month-to-month expenses. Make a plan to improve your financial health today.