Budgeting

What does living below your means . . . mean? Does it mean a life of deprivation? Does it mean a life of constant coupon clipping, or a life of regularly saying, “We can’t afford it?” Living below your means – something different. Maybe it’s saying yes to your top priorities like paying off debt and building savings/retirement. OR,  it’s saying, “I’d love to take a cruise, but this year we only have enough money for a driving vacation.” And then …

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Question: Would it be wiser to make extra payments to pay down a credit card that has a 0 percent interest rate with a somewhat large balance (around $6,000) or to make extra payments to pay down a credit card with a smaller balance (around $2,000) and 11 percent interest?  I’m trying to decide which one to pay down on first. The card with 0 percent is for the life of the loan. Answer- Here’s to Eliminate Debt Fast! …

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