Leo Babauta of Zen Habits shares six simple steps to avoid credit problems.
Episode 318: Six Simple Steps to Avoid Credit Problems in a Bad Economy by Leo Babauta.
Leo Babauta created Zen Habits, which is about finding simplicity and mindfulness in the daily chaos of our lives. It's about clearing the clutter so we can focus on what's important, create something amazing, find happiness.
The original post is located here: https://zenhabits.net/six-simple-steps-to-avoid-credit-problems-in-a-bad-economy
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I really enjoy the OLD podcasts and am pleasantly surprised that I rarely ever skip listening to this one, because I normally find financial stuff overwhelming and hard to understand or focus on. I do have a question though and I’m not sure where to ask it: if I have an extra $300 a month, is it better to put it toward paying off debt such as car loans or to put the extra money into retirement? That may be very situation-specific, so I understand if there’s not really one good answer. Thanks!
Thank you, Becky! I do think it depends, like you mentioned. Personally, I don’t like debt, so I’d try to get rid of anything with a higher interest rate as quickly as possible–especially if there’s credit card debt. But Dan did read a post that addresses this exact question! You might want to check it out… it’s Episode 286 of Optimal Finance Daily. I hope that helps!