Do you remember the Seinfeld ‘car reservation’ episode? It’s one of the best. Jerry gets to the car rental counter and they don’t have a car for him. He says “See you know how to take a reservation, you just don’t know how to hold the reservation. And that’s really the most important part of the reservation, the holding!” That’s what we’re talking about today because you might know how to get out of debt, but do you know how to stay out of debt? You might find yourself digging out of debt every year when January rolls around. Holiday spending has a habit of sneaking up on most folks and you might be dealing with that financial hangover right now. Listen as we tackle concepts like lifestyle inflation, stoicism, accountability, and other practices that will allow us to kick debt to the curb for good.
Additional links:
- Seinfeld ‘car reservation’
- Use Undebt.it to help you figure out a get-outta-debt plan and check out this detailed post about debt snowball vs debt avalanche methods, including differences and examples.
- For help with overwhelming debt, check out free services offered by the NFCC (National Foundation for Credit Counseling) and Money Management International.
- However, even after giving it your all and focusing like crazy, you may not have even put a dent in your debt levels if your interest rates are really high- that’s when a refinance might be a good option for you. If that’s the case, then be sure to check out Credible where you can easily compare the best loan options that are available to you.
- The Navy Federal Platinum Card offers a 0% balance transfer for 12 months- and the best part? There’s no balance transfer fee! Read our full article as to how it’s possible to utilize a 0% balance transfer credit card to help you pay off some debt.
- 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 cash back offer! Just toggle the sliders and you’ll know which card to consider.
During this episode we enjoyed an Empress Rising Mole by Birds Fly South! 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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