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107 Past Due – Big Money, No Whammies!

by Derek Sisterhen on May 26, 2010

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Past Due: Radio 107 – Big Money, No Whammies!

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What do you do when you receive a tax refund, bonus, raise, or other lump sum of money?  Do you pay off debts?  Do you save it for a rainy day?  Do you sit on it, thinking, “I don’t know what to do with it, but I’ll figure it out,” only to wind up spending it all, one small piece at a time?

Today I took Nancy’s question about how to distribute money from a raise through her monthly budget.  I also listened to what you had to say about how you manage your chunks of change.  I explain my decision-making process for applying extra funds to debt and to other financial goals so that you never have to worry about wasting it.

Today’s Mentionables:

Financial Freedom Steps – simple road map to help you make confident decisions with your money

N2 College Consulting – Trusted Partner for funding your kids’ college experience

Michael Larson – the guy who beat Press Your Luck

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