Rare, great personal finance blog


And a discussion of building savings vs. paying off debt

Most personal finance blogs leave me a bit cold. Either they seem commercial, or sploggy or dry and boring. Jeffrey Strain's Personal Finance Advice is none of the above. Which is ironic because I first found the blog because he asked me to exchange links with him...usually not a good sign.

Jeffrey has posted a very thorough explanation of why it's senseless to build savings while still trying to pay off credit card debt. I must admit that I didn't grasp that early in my adulthood, building debt, but feeling it was somehow better to have a few thousand in the account just in case.

Of course now I pay off my credit card debt every month, but I do still have a car payment and a house payment. I wonder if Jeffrey would have the same advice on those?

Posted: Sunday - January 29, 2006 at 12:06 PM       EmailFeedback

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