Good job starting this thread. Maybe you can edit the first page and add some good ideas that we have for our very own bankroll management.

When I got my first credit card (age 18), I was a reckless little fucker. I ran up my credit card bill without thought. But I don't regret it one bit. Why not? I learned early the dangers of using a credit card. I finally paid off my credit card debt (some of the moneys which came from poker as a matter of fact). However, I have a teeny problem with one of these steps:

Quote Originally Posted by Jason
Step 2 ---> Debt Snowball - pay off all debts smallest to largest except for the house
I'm going to have to disagree with this one and recommend paying debts off according to interest rate: start with the highest and work your way down to the lowest. Only make the minimum payment on your debt with the lower interest rates and pay back as much as you can toward the debt with the higher interest rate. The reason is simple: you want to knock out your debt with the highest interest as quickly as possible.

Also, as for retirement, START NOW! I'm 22 and I've had an IRA since I was 18. Deposit $100 a month into your IRA and you will have >$1 million for your retirement. Plan for the future.