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STOP BEFORE YOU BLOW THAT STIMULUS CHECK & READ THIS PLEASE!!!! JUST A BIT OF HELP!! Repost from the Dave Ramsey financial group “GOVERNMENT STIMULUS CHECK INFORMATION BE WISE MY FRIENDS... BE WISE....... So here’s what’s up: 1. To Tenants : If the government says you don’t have to pay your rent and there’s a ban on evictions, you better do whatever you can to pay your rent. There will be major repercussions when eviction bans are lifted. Don’t think you’ll get a free ride out of this. PAY YOUR RENT! Your landlord has bills to pay too. 2. To Homeowners : If the government tells banks to stop mortgage payments, DO WHATEVER YOU CAN TO PAY YOUR MORTGAGE!. Some lenders are saying you don’t have to pay for 3 months, but on the 4th month, all four payments are due in full. Do not take a chance and not pay. Major foreclosures will come from all this. The banks didn’t help homeowners in 2008-2009 and in 2020, it’s still the same. Pay your mortgage. 3. If the utility c...

Tackling Your Debt Wisely Make more than the minimum payment.  Credit card companies love it when you pay just enough to get by every month. At that rate, you’re mostly paying off interest and barely scratching the surface of your actual debt. Look at your most recent credit card statements to get a ballpark figure on what your monthly interest is, then budget as much of a payment as you can  over  that amount to actually see a difference in your statement. [1] [2] [3] If you want to know how much above the minimum you should pay, remember what interest is. Interest is the price you pay for money, and creditors always want you to pay interest before anything else. So making the minimum payment is usually only enough to keep your interest from compounding your debt into the stratosphere—to keep it where it is, in other words. You want to try to pay enough each month to get beyond the interest and into the principal. Pay off debt with the highest interest rate...