Consolidating credit card debt suze orman great dating20 com
Suze shares which debts you should pay off sooner rather than later. Suze first breaks down the six kinds of debt that that all people have: The first on the list is debt owed to the IRS.
When you don't have a lot of extra cash to spread around, this might help with your decision. As Suze says, owing any money to the IRS is, “Bad, bad, bad.” (I think she added a few more “Bads” in there). Anytime you owe money to the IRS is not a good thing. Primarily, since the IRS can legally seize your money via your bank accounts at anytime.
Your biggest debt is the one you owe your husband, who is a saint for sticking by you.Of course, that’s a justifiable concern whenever the economy slows down, jobs are lost, and unemployment rises.But what’s different in 2009 is that banks are already reeling from the mortgage-default crisis that has triggered bank failures and shotgun marriages between weak banks and less-weak banks.Dave Ramsey, author of Total Money Makeover, recommends the Debt Snowball approach.This method suggests you make a list of all your debts, smallest to largest while disregarding interest rates, and paying off the smallest to largest to help you achieve satisfaction as you mark off the paid balances. Catching another of Suze's episodes, she shared her Loyalty List of Paying Off Debt. But I thought this was a decent approach on helping individuals struggling with debt to sort through the mess.