The Decision Strategist

There’s a post over at Wise Bread, Six Steps To Eliminating Your Debt that is one of the best simple guides to getting started paying off debt. I like it because it doesn’t use any fancy tools or ideas. Simply start with the debt that has the highest interest rate and pay it off, followed by debt with the next highest interest rate. It’s basically a pareto analysis to figure out which one to use first, since she is making a list and then ranking them according to which one costs the most.

If you are looking for good finance blogs, I recommend these:

• The Simple Dollar
• Get Rich Slowly
• Free Money Finance

If things continue to go well and there are no big surprises, I have only a couple more months to pay of my debts. It’s very exciting.

-zot

Popularity: 7%

Vote for this post on: These icons link to social bookmarking sites where readers can share and discover new web pages.

This entry was posted on Monday, August 20th, 2007 at 7:18 pm and is filed under Finances.