This week's version of Money Mondays I talked with James Schmitz from Laraway Financial.  He talked about consolidation of accounts and debt.  He discusses saving money for an emergency  fund, refinancing your home and paying off small debts first.  Listen to the conversation below.

TOPIC---“CONSOLIDATION OF ACCOUNTS AND DEBT”

1)    NOT ALL ACCOUNTS ARE THE SAME---IRA, ROTH IRA, 401K, SIMPLE IRA--

2)    FUTURE CONTRIBUTIONS—BREAKPOINTS FOR CLASS A-SHARES

3)    CURRENT SHARE CLASS—A—C SHARE

4)    SIMPLIFY AND RE-BALANCE---

5)    DEBT—PAY OFF HIGHER INTEREST CARDS FIRST---PAY OFF SMALL BALANCES---THEN THE NEXT

6)    REFINANCE HOME

7)    EMERGENCY FUND