What Percentage of Your Income Goes Toward Your Debt Snowball?

Our current debt snowball (the monthly payment we’re sending to our smallest debt) is $1,439.08. Once we’ve paid off our credit card, student loans and the second mortgage, we’ll be sending a monthly payment of $3,000.29 to the first mortgage.
Our monthly take-home income (after taxes, 401k contributions, insurance and FSA) is $5,422.22, assuming it’s a [...]

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After Hitting Rock Bottom, an Epiphany!

After I’d hit rock bottom emotionally and financially, I knew we had to get out of credit card debt if we had any chance of living our dreams without blowing up our whole lives in the process.
I made a plan for paying off our $13,500 of credit card debt, but was unsure of what the [...]

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Why Does Dave Ramsey Push Identity Theft Insurance*?

If you’ve listened to the Dave Ramsey Show for any amount of time, you know he is constantly recommending Identity Theft Protection from Zander Insurance. Every time the subject of identity theft comes up, he gives a little spiel about how he’s purchased it for everyone on his team. But why would he recommend this [...]

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Snowflaking: 100 Ways to Come Up With More Money for Your Debt Snowball

Yes, you are already doing some of these things.
But are you doing them all?

Utilities

Set your utility bills to level pay – Pay the same amount every month so there are no surprises to your budget.

Ask for a discount – Call your gas and/or electric company and ask about discounts you might qualify for. I [...]

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My Dave Ramsey Hybrid Approach to Paying Off Debt

I started listening to the Dave Ramsey Show podcast in July, and have continued to listen to it every day on my way to work. That’s a real compliment to the show, considering I’m a non-church-going liberal and he’s, well…not.
I’ve been working on paying off my debt ever since I began acquiring it in college, [...]

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