Skip to main content
No. of Recommendations: 0
I am NOT in the Dave Ramsey "camp"... My brother is helping others and he had the materials. Having heard of him, I took a look at them.

I guess the envelopes are something anyone can understand, but I find them too restrictive, almost like a childhood allowance.

I am much more in line with Suze Orman. An example would be to invest in a company 401k program up to the match, to take advantage of the 50% or more return from the match. The snowballing approach Suze recommends is in line with that of TMF as well, that you pay off the highest debt first.

The only reasons I see for paying off a smaller debt (with higher APR) first:
1. You'll get a quick success, like in 6 months to a year max.
2. You're in a situation with poor cash flow, and getting rid of the payment will help with cash flow.
3. You can't keep track of the bills and find yourself paying bills late.

- Lan
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.