Jackie Kenoyer (@jackiekenoyer) 's Twitter Profile
Jackie Kenoyer

@jackiekenoyer

Financial Educator | I teach beginners how to set up a system for their money and build wealth | Formerly a trader, banker, and math teacher

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linkhttps://atomicwealthcommunity.com/courses calendar_today03-02-2014 03:00:58

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The key to crushing credit card debt? Extra payments. When you make a payment, it’s split: some covers interest, the rest reduces your balance. With minimum payments, most of it goes toward interest. Only a small portion actually reduces the amount you owe. But, everything

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I’m not adding my kids as authorized users on my credit cards. Here’s why. Yes, doing so could: • Boost their credit score • Lengthen their credit history • Unlock better rates & higher limits But that access comes *without* the habits: • Spending intentionally • Living

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Someone from one of my classes came to me with $8,000 in credit card debt at a 29% interest rate. The minimum payment? $273 per month. He’s choosing to pay $500 per month instead. Check out the impact: Scenario 1: Minimum payments only Total cost: $26.605 Total interest:

Someone from one of my classes came to me with $8,000 in credit card debt at a 29% interest rate.

The minimum payment? $273 per month.

He’s choosing to pay $500 per month instead.

Check out the impact:

Scenario 1: Minimum payments only

Total cost: $26.605
Total interest:
Jackie Kenoyer (@jackiekenoyer) 's Twitter Profile Photo

How to cover a $500 emergency dental bill The situation: • $500 in savings • Aggressively paying off $12k of debt • All extra income is going toward debt • An emergency dental procedure costs $500 How do you pay for it?