Comments on: Is a debt snowball an answer to your financial troubles? http://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/ Frugal Living, News, Lifestyle and Random Thoughts From Forest and Friends Wed, 08 Feb 2012 17:35:09 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Foresthttp://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/#comment-11167 Forest Fri, 11 Jun 2010 11:24:50 +0000 http://frugalzeitgeist.com/?p=1298#comment-11167 Absolutely.... My debt got out of control but luckily it's all in hand now and I am on the right road to recovery.... It's 99% about mindset I think (well assuming you have enough money to pay down something towards debt!!). Absolutely…. My debt got out of control but luckily it’s all in hand now and I am on the right road to recovery…. It’s 99% about mindset I think (well assuming you have enough money to pay down something towards debt!!).

]]> By: Foresthttp://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/#comment-11166 Forest Fri, 11 Jun 2010 11:23:32 +0000 http://frugalzeitgeist.com/?p=1298#comment-11166 Hi Aury, sorry for the slow reply!I agree, it's all about discipline and using common sense. Any method that is paying towards debt will work if you can just stick to it!!Thanks for stopping by :) Hi Aury, sorry for the slow reply!

I agree, it’s all about discipline and using common sense. Any method that is paying towards debt will work if you can just stick to it!!

Thanks for stopping by :)

]]> By: Money Obediencehttp://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/#comment-11165 Money Obedience Fri, 11 Jun 2010 10:31:04 +0000 http://frugalzeitgeist.com/?p=1298#comment-11165 We do a lot of silly stuff when it comes down to money. Well, it is not really silly but rather illogical and irrational. For one, getting into debt that requires a snowball or avalanche is one of these things. How silly is that? But it does happen and enough of us do it. I agree with Joe and Aury in that any strategy that works for you is better than no strategy at all. We do a lot of silly stuff when it comes down to money. Well, it is not really silly but rather illogical and irrational. For one, getting into debt that requires a snowball or avalanche is one of these things. How silly is that? But it does happen and enough of us do it. I agree with Joe and Aury in that any strategy that works for you is better than no strategy at all.

]]> By: Aury (Thunderdrake)http://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/#comment-11140 Aury (Thunderdrake) Mon, 07 Jun 2010 12:20:42 +0000 http://frugalzeitgeist.com/?p=1298#comment-11140 The debt snowball strategy is just the same as investing. It requires you to know yourself, your financial predicament, and what's best for you. You have to be creative, as well as logical, for your strategies in paying off debt.I have a twist on the snowball strategy myself. Instead of targeting the smallest debts first, I target the debt with the highest interest rate. The debt snowball strategy is just the same as investing. It requires you to know yourself, your financial predicament, and what’s best for you. You have to be creative, as well as logical, for your strategies in paying off debt.

I have a twist on the snowball strategy myself. Instead of targeting the smallest debts first, I target the debt with the highest interest rate.

]]> By: Foresthttp://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/#comment-11097 Forest Sun, 06 Jun 2010 09:29:59 +0000 http://frugalzeitgeist.com/?p=1298#comment-11097 Hi Joe,I'm glad you liked the article, I don't know much about the debt snowball and was glad when someone offered me a guest post on the subject. Hi Joe,

I’m glad you liked the article, I don’t know much about the debt snowball and was glad when someone offered me a guest post on the subject.

]]> By: Joe Plemonhttp://frugalzeitgeist.com/is-a-debt-snowball-an-answer-to-your-financial-troubles/#comment-11077 Joe Plemon Fri, 04 Jun 2010 13:00:16 +0000 http://frugalzeitgeist.com/?p=1298#comment-11077 As a Dave Ramsey counselor, I sometimes brace myself for what I might read about him and his teachings. I congratulate you for a very well balanced and informed explanation of the debt snowball.Hopefully, your readers will choose SOME sort of debt reduction plan and start their path away from the bondage of debt. This post will help! As a Dave Ramsey counselor, I sometimes brace myself for what I might read about him and his teachings. I congratulate you for a very well balanced and informed explanation of the debt snowball.

Hopefully, your readers will choose SOME sort of debt reduction plan and start their path away from the bondage of debt. This post will help!

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