Debt Free In 30

225 – Should You Use Your Bonus To Pay Off Debt?

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Synopsis

If you just earned a bonus from your employer or received an unexpected sum of money, how should you use that bonus if you also have debt? On today’s show we talk with Scott Terrio and we outline what to prioritize to get the most bang for your buck. We also take a look at common mistakes people make when they receive a surprise lump sum of money and discuss the impact a bonus can have on a bankruptcy filing.