The Best Personal Finance Content for Middle Incomes

Home Posts Tagged "debt snowball"

debt snowball

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How We Paid Off $58,704 in 24 Months

The first thing we had to do, once I added up all the debt, once I had my UGH-Sick-and-Tired Moment, we had to get real with our spending. So, I needed to see where exactly all this money had gone. We don’t live in the lap of luxury. Yeah, we have a flat screen television. The couch behind me? Bought that secondhand. Fancy car in the driveway? Nah, at the time we were driving an ’07 Honda Odyssey minivan. We really didn’t have anything to show for the almost-$60,000 in debt that we in fact had.

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The Debt Bonfire Method

I prefer the hybrid method of the debt bonfire, because I want to utilize every available method and take advantage of the best aspects of each one. If you find yourself making exceptions to the debt snowball or debt avalanche method, maybe it’s time to admit that you should be creating your own plan too!

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How We Got Out Of Debt FAST!

Stick to it, stick to it like glue! Stick to it like a spider on the wall! You really have to make it a priority in your life, and make it something that your life is now about.

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