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snowball

  1. Debt Reduction & Money Management
    We are currently in the process of trying to pay-off credit cards total of 24,000. We just paid one and are using the monthly payment from that one plus the extra we were putting toward it to another credit card. Would it be best for us to pay of the credit card with the lowest balance or...
  2. General Chat
    The winter months can seem cold and bleak and by January, all you want is for the next few months to zoom by so you can finally feel warm sun on your skin again. This feeling of winter blues might occur during the holidays when stress is mounting, money is tight, and out-of-town family is...
  3. Dave Ramsey
    Hello! I'm new here and new to DR. I heard about DR from my brother and his wife and have gotten excited about paying off our debt (dh is not exactly excited, but on board). We have $31k in debt that includes a car and student loans. Technically we have a savings account with $17k in it, but...
  4. Debt Reduction & Money Management
    :pblow: I just scheduled the payment! I plan to keep the account open for another month just to make sure no residual interest sneaks onto the bill and then close the account. I really didn't have a "snowball" before now (I just paid as much as I could until this one was gone), but now my...
  5. Dave Ramsey
    Earlier this year when we received our tax refund, I decided to put it all on our biggest credit card. This was before I stumbled across any Dave Ramsey info. Now, since I paid that on the card, my minimum monthly payments are zero (but interest is still accruing naturally). I know Dave...
  6. Dave Ramsey
    March DH will receive a couple bonus checks around 3k. Probably a little more, just playing it on the low end. Also, an inheritance of 4k. I want to pay off smallest to largest, but dh of course did the math. Yeah, yeah..don't say it. :) Master Card 1050.00 at 0% until Jan. of 2013. (minimum...
  7. Dave Ramsey
    I am going thru Step 2 - Debt Snowball - and have a quick question. Here are my debts: 150 - Medical Bill 160 - Medical Bill 237 - Medical Bill 160 - Medical Bill 237 - Medical Bill 500 - Medical Bill 572 - Medical Bill 643 - Visa 959 - Gap 2960 - Medical Bill 3679 - Medical Bill 7000 -...
  8. Dave Ramsey
    Hello All! My wife and I finished Financial Peace University at our church, and we have established an emergency fund of around $1000 and have just paid off our first couple of items on the debt snowball. Most of the items on our debt payoff list are small amounts and can be paid off within...
  9. Dave Ramsey
    Hello everyone, My family has $44k in CC debt on 6 cards. We have been robbing-Peter-to-pay-Paul to pay the minimum payments. The total payment on the minimums is about $850. We only have about $450 allocated for minimum payments. Regarding starting BS2, is it advisable not to make minimum...
  10. Debt Reduction & Money Management
    I have a question if someone can answer, we have some doctor bills that are in collection and some that aren't but if they aren't paid on prob will be soon..So if we have to build the emergency fund first, do we just let those things go into collection if we aren't done getting the first $1000?
  11. Debt Reduction & Money Management
    Everything was humming along nice and smooth with the snowball etc. Then prices raised for utilities, gasoline, food ,you know the essentials, and now 65% of Hubby's take home pay for debt repayment ( including mortgage) feels like to much. So we are cutting the snowball down. It is still...
  12. Homesteading and gardening
    31 May 2011 Snowball Bush (Viburnum opulus 'Roseum) 31 May 2011 Snowball Bush (Viburnum opulus ‘Roseum) Latin: Viburnum opulus ‘Roseum’. The last two years this bush has been devastated by the viburnum leaf beetle, Pyrrhalta viburni, and if attacked this year the bush was going to be removed...
  13. Dave Ramsey
    So we haven't paid any debt in a few months since we were saving for our taxes, and also because DH's job is very unstable. He actually found an ad for his job last week and he is afraid to confront the owners b/c he thinks they will fire him on the spot instead of waiting for his replacement. I...
  14. Success Stories
    We paid off and closed our first one. It was a line of credit. We used our tax return to pay it off. 1 down 4 more to go ( three cards and an equity line) Happy news #1 line of credit - paid off and closed happy news #2 Credit card - our big one with the big interest rate this one we have...
  15. Dave Ramsey
    So I paid off the last credit card a few days ago! What a relief! My next focus is taxes, and paying off the small misc debts. (2600) After that, I'm debating what to snowball first. We owe $9490 on our car ($300/mo, 8.2%). It valued at 8990, and in order to sell, I would need to pay $800 to...
  16. Financial hardship
    DH found this helpful calculator for debt snowballing. Thought I would share it here in case someone might find it helpful: Free Debt Snowball Calculator Program
  17. Dave Ramsey
    I'm reviewing the paperwork needed to start contributing towards a defined benefit plan (yes, benefit not contribution) to start gaining time while I try to get hired full-time as a community college instructor. (I'm currently working as an adjunct at a community college and trying to piece...
  18. Dave Ramsey
    We're working on our debt snowball (one CC paid off this month! YAY!). We'll have our cc's paid off by this time next year (if not sooner) according to the debt snowball plan we've got made up. My question is this though: our stove is on its last leg, one burner is not working at all another is...
  19. Dave Ramsey
    When I was paying bills last month, it occurred to me how much easier it has become... my stress and anxiety level is way down! We still have 70k in debt, however paying the debts smallest to largest has eliminated several cc payments... For me, I was ALWAYS stressed out, wondering if I missed...
  20. Dave Ramsey
    Did everyone do their debt snowball in exact order? Do you think it really matters if I take care of higher interest/ payment debts first, if they will be paid off in a matter of months anyway? I have 11k cc debt left that I am planning to pay off before December. I am paying around 2k/ mo...
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