Let’s dive into the week with some fresh listener questions we have lined up for you! And don’t just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!
- Is filing for bankruptcy the best option considering overwhelming amounts of debt?
- Should I have multiple high yield savings accounts if my cash on hand exceeds the FDIC limit?
- What options does my husband have to invest as he waits on his US citizenship?
- Would a HELOC be a smart way to pay off some credit card debt?
- Will filing an insurance claim for my cracked windshield cause my premiums to go up?
Additional Links:
- Debt Payoff – Here’s our full post on Debt snowball vs. Debt avalanche methods. You can read about pros and cons to both strategies. Hint: The one that works best, is the one you actually stick too!
- Debt counseling – For help with overwhelming debt, check out free services offered by the NFCC (National Foundation for Credit Counseling) and Money Management International. You don’t have to go at it alone.
- HYSA – While you’re reconsidering your online savings, consider CIT Bank! We use them, and love ’em!
- Newsletter – Don’t forget to sign up for the best personal finance newsletter in all the land! It’s completely free and something we create to help you along your journey to financial freedom. It drops every Tuesday morning and you can always unsubscribe if you don’t dig it!
- Credit Card Tool – Looking for the right credit card for you? Then check out our new credit card tool that’ll help you to easily filter through all the cards based on your preferred airline, whether or not they have an annual fee, or simply by the cashback offer! Just toggle the sliders and you’ll know which card to consider.
During this episode we “enjoyed” a Heineken Silver! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
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