Everything you need to know to do what's best for your bottom line

Bottom Line:

 - The essential point or most important consideration

 - The final line of a financial report 

 - The ultimate outcome

February 17, 2017

Stacy Marcus

Bottom Line: Pay off the debt with the highest interest rate = cost to you first. This assumes you are not in collections on either debt. If start by considering the interest rate on each debt and the amount of the debt. In general, with a fixed sum of money to be allocated to debt repayment each month paying down more on the debt with the higher interest rate will be beneficial. For example, if your student loan debt accrues interest at 7% and your credit card debt has a rate of 20% on an equal...

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June 6, 2016

The classification of assets and accounts as separate or marital property impacts how it is divided ruing a divorce.  Generally, everything earned during the marriage is community property, while assets existing prior to the marriage and kept separate during the marriage are awarded to the individual. 

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October 5, 2015

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