How the Debt Snowball Works

This page may include affiliate links. Please see the disclosure page for more information. You may have heard of Dave Ramsey’s debt snowball as a popular method for getting out of debt. We’re going to share how the debt snowball works so you can decide whether it’s a smart way for you to get your debt paid…

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How the Debt Snowball Works was first posted on November 23, 2020 at 11:46 am.
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How to Pay Off Debt – Fast!

The post How to Pay Off Debt – Fast! appeared first on Penny Pinchin' Mom.

Americans are in debt.  It’s one of the main reasons couples fight and a leading cause of stress.  Fortunately, there is a way you can get out of debt. Anything worth having in life takes hard work and dedication.  And, the sense of accomplishment and joy when you can tackle what seems to be the … Read More about How to Pay Off Debt – Fast!

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How to Escape Debt in 2016

The new year is right around the corner and if you’re like most people, you’ve probably got a running list of resolutions to achieve and milestones to reach. If getting out of debt ranks near the top, now’s the time … Continue reading →

The post How to Escape Debt in 2016 appeared first on SmartAsset Blog.

From Bankruptcy to Paying $22,000 Cash for a Car

The post From Bankruptcy to Paying $22,000 Cash for a Car appeared first on Penny Pinchin' Mom.

I was recently a guest on the Masters of Money podcast.  One of the statements Phil made was “Wait a minute.  How does one go from declaring bankruptcy to paying $22,000 cash for a car?” I had never really looked at my journey in that way.  But, when I thought about it, I realized – … Read More about From Bankruptcy to Paying $22,000 Cash for a Car

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10 Ways to Stay Motivated When Paying Off Debt

The post 10 Ways to Stay Motivated When Paying Off Debt appeared first on Penny Pinchin' Mom.

It is easy to lose your focus any time you are working towards a goal.  It takes dedication, but even then you may lose your desire to keep going.   This is especially true when trying to reach your financial goals, such as getting out of debt. Paying off debt is not easy. You start out with … Read More about 10 Ways to Stay Motivated When Paying Off Debt

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Busted! 11 Common Myths About Balance Transfer Credit Cards

If you are confused about balance transfer credit cards it’s likely because you’ve heard some of the myths about them. Believe me, I get it.  I’ve been there. There are so many myths about balance transfer credit cards, it can be hard to distinguish the truth from the fantasy. Well, good news. Today we’re covering […]

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Dave Ramsey’s Baby Steps Explained

Whereas Dave Ramsey’s Baby Steps have often been dissected one at a time, my goal in this post is to give an overview of the steps as a unit and explain why the order is essential. Hopefully, these steps can help you create a focused life plan for your finances, regardless of your age or […]

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Six Simple Tips To Help You Pay Off Debt Quickly

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Everyone wants to get out of debt fast.  But the reality is that it took you time to get into debt, so it may take a while to get it paid off.  But, that doesn’t mean it needs to take you forever to become debt free. Debt can cause a lot of stress and financial … Read More about Six Simple Tips To Help You Pay Off Debt Quickly

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