I’m constantly being asked money questions by readers, coworkers, friends, and family members. I do ask for your money questions over and over again after all. In fact, if you email me one of your money questions and I pick yours to be featured in our Reader’s Questions Series, I’ll send you a free copy of Dave Ramsey’s book, The Total Money Makeover.
I thought that it would be cool to highlight the ten questions that I hear the most often. Here are the quick answers to these top money questions that people have a burning desire to learn and understand
Top 10 Money Questions Asked on Money Q&A
1. Should I pay off my highest interest debt or debt with the smallest balance first?
I can understand both feelings and arguments for each of these debt reduction tactics. I’m a huge fan of Dave Ramsey and The Total Money Makeover where he recommends paying off your debts using the debt snowball method eliminating your debts with the smallest balances first and then progressing to the ones with the largest balances. This gives you some psychological affirmation to continue with the hard task at hand.