Comments on: How to work the debt snowball http://budgeting.pro/how-to-work-the-debt-snowball.php Mon, 03 May 2010 20:30:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Debt Free Dude http://budgeting.pro/how-to-work-the-debt-snowball.php/comment-page-1#comment-20 Debt Free Dude Fri, 12 Mar 2010 14:21:08 +0000 http://budgeting.pro/?p=173#comment-20 The debt snowball encourages people to continue to act emotionally instead of making rational decisions. That is the behavior that got them into trouble in the first place. The idea of the debt snowball instead of a rational mathematics based approach seems to just encourage the problems people already have instead of teaching them how to think about money. The debt snowball encourages people to continue to act emotionally instead of making rational decisions. That is the behavior that got them into trouble in the first place. The idea of the debt snowball instead of a rational mathematics based approach seems to just encourage the problems people already have instead of teaching them how to think about money.

]]> By: JoeTaxpayer http://budgeting.pro/how-to-work-the-debt-snowball.php/comment-page-1#comment-15 JoeTaxpayer Fri, 26 Feb 2010 20:39:04 +0000 http://budgeting.pro/?p=173#comment-15 Nice article, well written. For those who have debt yet are able to get disciplined, they should line that debt from highest rate to lowest, instead of lining by balance. If in year one, you pay $1000 to that 18% card, it's $180 in saved interest vs perhaps $90 on a $1000 carried at 9%. The key is discipline, my advice is useless if the person needs that psychological boost of knocking off a few small accounts to get motivated. Nice article, well written.
For those who have debt yet are able to get disciplined, they should line that debt from highest rate to lowest, instead of lining by balance. If in year one, you pay $1000 to that 18% card, it’s $180 in saved interest vs perhaps $90 on a $1000 carried at 9%.

The key is discipline, my advice is useless if the person needs that psychological boost of knocking off a few small accounts to get motivated.

]]> By: Personal Finance Buzz http://budgeting.pro/how-to-work-the-debt-snowball.php/comment-page-1#comment-14 Personal Finance Buzz Fri, 26 Feb 2010 13:08:06 +0000 http://budgeting.pro/?p=173#comment-14 <strong>Personal Finance Buzz...</strong> Your story was featured in Personal Finance Buzz! Please visit and promote your article.... Personal Finance Buzz…

Your story was featured in Personal Finance Buzz! Please visit and promote your article….

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