Hello! First of all I just want to say that I love your show. My question is: Is it better to have a whole bunch of small loans (i.e. car, truck, line of credit and bank student loans) separately OR one big loan to cover everything?

Managing a whole bunch of loan payments can be a pain, but it can also be useful. It means scheduling payments for different times of the month, but it also means that you’re not laying out one big, honking loan payment amount all at once, leaving you with almost nothing to live on for the next two weeks. It’s not a matter of better or not better, it’s a matter of what works with your cash flow.