How should they use their extra monthly income?
Save or Pay Down Hospital Bill?
by Gary Foreman & Curtis Arnold
Fund Retirement Account or Reduce Debt?
Using Your 401k to Pay Off Debt
You have a little extra money coming in each month. Is it smarter to put the extra cash towards savings or to paying down your debt faster? Gary Foreman, editor of The Dollar Stretcher.com and Curtis Arnold of CardRatings.com and BestPrepaidDebitCards.com answer this question as they discuss paying debt vs. saving.
Curtis Arnold is founder of CardRatings.com and BestPrepaidDebitCards.com. He's also the author of How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line. Mr. Arnold has been an expert in the area of credit cards for nearly 20 years.
Gary Foreman is a former financial planner and purchasing manager who founded The Dollar Stretcher.com website and newsletters in 1996. He's been featured in MSN Money, Yahoo Finance, Fox Business, The Nightly Business Report, US News Money, Credit.com and CreditCards.com. Gary shares his philosophy of money here. You can follow Gary on Twitter. Gary is also available for audio, video or print interviews. For more info see his media page.
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