Pay Off Your Debt Faster:Debt Snowball
Dec17

Pay Off Your Debt Faster:Debt Snowball

Do you want to know how to pay off your debt faster? One of the best ways to pay off your debt quickly is to use a debt snowball. There are different methods to the debt snowball but the underlying principal is the same. To have a debt snowball here are the steps you need to follow: List all your debts in order of size Pick a target Pay the minimum on evertyhing except the target Pay extra on the target Pick a new target once the...

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How Did I Do On My 2010 Goals?

It is time again to look at goals and resolutions from this year and focus on those for next year. For 2010 I decided to have Three Simple Goals and I just wanted to take a look at how I did. My three goals for the year were Reduce Leave Magnetize and I think I did pretty well on them. Reduce meant that I wanted to reduce the amount of debt that I was carrying and I not only did I reduce my debt but I completely eliminated it and I am...

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Reducing Debt with a Snowball (Guest Post)

Tackling debt can be as easy as rolling a snowball. Kids learn early that when you roll a snowball along an area covered with snow that the snowball with grow. Paying down debt can work with the same concept. The snowball method of reducing debt takes the payments from one debt and rolls them into the next debt as each debt gets paid off. It means that the payment amount will grow larger but without requiring adjustments to your...

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Tracking My Finances In 2010: April Week 1
Apr02

Tracking My Finances In 2010: April Week 1

I have decided to post my weekly spending for the previous week on Fridays so you know how my cash has been flowing for the week. Please note that I get paid on the last day of the month so my cash flow net effect will usually be negative until the last day of the month. This does not mean that I am adding to my debt, it just means that the money coming in is less than the money going out because bills are due starting on the first...

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Monthly Financial Update: March 2010

Whew it is time to look at one full month of finances and see how I came out in the end. I was in the black again for the month even after making a few larger than normal debt snowflake payments and a bit of overspending. I came out at $139.53 in the black after getting my paycheck and buying some more groceries in a last minute rush late in the evening. I spent $22.83 on gas for the month, leaving me with $37.17 in the budget for the...

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