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debt snowball

Take the Small Wins with Your Money and Your Life

This picture shows a note I found very humorous from my 8 year old son that he left for himself at the breakfast table.  Then the more I thought about it I began to feel sad that he was talking to himself this way and was getting down on himself because he couldn’t remember to […]

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The Debt Snowball Saved my Marriage: Spreadsheet Tell-all

For those buried under an avalanche of credit card, car, and personal debt you’ll never find anything as useful as the Debt Snowball or it’s many variants. A debt snowball is simple. You take all of your outstanding debts: credit cards, personal lines of credit, bank loans, student loans, car loans, 2nd mortgages, home equity lines of credit, overdraft credit lines (yes that’s debt too) and order them from the smallest amount owed to the largest amount owed.

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Calculate the True Cost of Debt

As my wife and I head towards debt freedom working through our debt snowball I use a variety of methods to keep us motivated. For me that has included looking at what our debt is costing us as it relates to our future. It’s simple, every dollar you spend on interest to your lender is money that could be working for you.

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