I love her TV show on Slice – Til Debt Do Us Part – and her other books have been great too. Here is a practical book on getting out of debt that is fun to read – it feels like she’s speaking to you from the pages, in the same tone as her show. Things that I learned:
*Cancelling a credit card isn’t always enough – you need to check your credit score to be totally sure. Ask for written confirmation from the bank that the account has been closed.
*Written requests for your credit score cost nothing. It is free once per year.
* You can save a lot of money on your mortgage by switching from a monthly payment to an accelerated weekly payment.
*I was not convinced by her arguments in favour of life insurance – I think that life insurance is only for people with dependents – and I don’t have any of those. But I’ll be looking into critical illness insurance.
*I need a will. I know it. And I should probably have a lawyer do it.
*Cancelling a credit card isn’t always enough – you need to check your credit score to be totally sure. Ask for written confirmation from the bank that the account has been closed.
*Written requests for your credit score cost nothing. It is free once per year.
* You can save a lot of money on your mortgage by switching from a monthly payment to an accelerated weekly payment.
*I was not convinced by her arguments in favour of life insurance – I think that life insurance is only for people with dependents – and I don’t have any of those. But I’ll be looking into critical illness insurance.
*I need a will. I know it. And I should probably have a lawyer do it.
You can probably find things in this book that you didn’t know about money, budgeting, insurance, and getting yourself out of debt. Very useful.
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