top of page
  • Writer's pictureRandall Fisher

Some thoughts about how to save dimes.

His thoughts are straight forward. The key approach is maintaining a disciplined approach. You can read the article and evaluate for yourself. For anyone who is interested, I’ll give you Steve’s contact data after his article.


Easy access to credit can contribute to a lifestyle that starts out with debt and gets worse as spending pressures increase. If you’ve accumulated debt, how can you dig yourself out?

Calculate Exactly What You Owe: List your debts and minimum monthly payments, due dates and interest rates. Rank debts from highest rate to lowest. Decide if any debt is worth keeping. Consider mortgages and college loans since interest on most mortgages is tax deductible and many college loan rates are reasonable.

Set Up a Budget and Start Eliminating Your Debt: A budget helps you decide how much extra cash you can devote to paying debt. It also helps you identify expenses that you can cut back on, which leads to more cash to further reduce your debt.

Lower Your Borrowing Costs: Compare what rates credit card firms are offering. Then get your current credit card company to match the attractive rate you discover. Or, transfer your current higher interest-rate balance to a company offering a lower rate. However, make sure you find out how long this lower rate will last and what the regular ongoing rate will be. Also, be on the lookout for balance transfer fees.

Cash Is King: Try to stick to cash and/or use a debit card. Unless you have developed a disciplined approach to pay off the balance, do all you can to avoid using a credit card. Find one card with a low rate for situations that may require one, like Internet purchases, but be sure to pay it off every month.


You can reach Steve at Severn Financial Group, 1610 West Street, Suite 105, Annapolis, MD  21401. 443.433.4288 or As always, good luck and good hunting.

0 views0 comments

Recent Posts

See All

A funny thing happened on the way to the forum

Actually, it wasn't funny -- I just couldn't think of a good title so I started with this. A client came to see me recently because her husband passed away. She was upset because her husband's two chi

It's time to get back to work......

December 20 is measured by some as the longest night of the year. Four years and four months before that, I went through one of those life changing events with the death of my wife. After that, a year


As part of life’s journey, there are many speed bumps that we have all encountered. Almost all of them center around the phrase  “♂, ♀, ✳, †, ∞”(man, woman, birth, death, infinity.) Some of you may be


bottom of page