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What You Otter Know About Personal Finance

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Personal Finance in 9 Words

PERSONAL FINANCE IN 9 WORDS

IF YOU ARE DEBT-FREE:

  1. Spend less than you earn.
  2. Save and invest.
  3. Repeat.
IF YOU ARE NOT DEBT-FREE:

  1. Spend less than you earn.
  2. Pay down debt.
  3. Repeat.*
* When you have paid off all your non-mortgage debt (or all high-interest non-mortgage debt – see below), switch to the “Debt-Free” column.


    • For more on paying down all non-mortgage debt vs. paying down all high-interest non-mortgage debt before investing, see “Investing 101/Before You Invest/Starting to invest early.”
    • For more on paying down debt, see Paying Off Debt.
    • For more on spending less than you earn, see Saving 101 and 10-Step Financial Fitness Workout.
    • “Save and invest” assumes you have an emergency fund in place. Investing carries no guarantees of any particular results (see here and here). See also Investing 101.

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The information, data, and materials (“Information”) presented on the Otterwize website are for general informational and educational purposes only. The Information is not intended to be viewed as and does not constitute investment advice, financial advice, legal advice, tax advice, accounting advice, or any other professional advice. [Read More...]

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  • Saving
    ▼
    • Saving 101
    • Liv’n, Mov’n & Nosh’n
    • Saving Apps
    • Budgeting & Net Worth
    • Checking & Savings
    • Money Markets & CDs
    • Saving Blotter
  • Credit & Debt
    ▼
    • Credit 101
    • Give Yo’self Credit
    • Paying Off Debt
    • Mortgages
    • Personal Loans
    • Auto Loans
    • Credit & Debt Blotter
  • Investing
    ▼
    • Investing 101
    • Retirement Accounts
    • Robo-advisors
    • Advisor Look-Up
    • Opportunity Cost: Invest The Difference
    • The New 99%
    • Investing Blotter
  • Adulting
    ▼
    • Adulting 101
    • Managing Your Career
    • Housing
    • Buying or Leasing a Car
    • Insurance
    • Taxes
    • Simmering Savings
    • Adulting Blotter
  • The New Economy
    ▼
    • New Economy 101
    • The Sharing Economy
    • Side Hustles
    • Starting a Startup
    • The New Economy Blotter
  • Otter Tools
    ▼
    • Personal Finance in 9 Words
    • Roadmap to Financial Independence
    • 10 Personal Finance Rules of Thumb
    • 10-Step Financial Fitness Workout
    • Top Ten’ers