Tuesday, December 7, 2010

Dad's Divorce: Prioritizing Debt

In this week's edition of Money Made Easy, host Dan Danford answers this financial question from a viewer: Do you have a model or plan I should follow when it comes to prioritizing debt? In general, what debts should I pay off first, such as mortgages, credit cards, car loans, etc.?

Danford, MBA, CRSP of Family Investment Center, explains the "snowball model" and why paying off debt combines both financial and behavioral considerations.

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