Tag: debt snowball

• Month End: April Snapshot

  With the savings account replenished, we can aggressively attack the car. Whether you use the debt snowball, debt avalanche or debt barrage, you will see how drastically your debt decreases when you take the minimum payment and combine it with all the previous loan payments and any additional money you can throw at the debt.…

  jamesmachawk

  April 30, 2022

• Month End: July Snapshot

  At the end of July, now that I’ve paid off the WF line of credit, I’m able to focus more payments toward my final installment loan. Except for my student loan, I’m on a path to being debt free. Whether you use the debt snowball, debt avalanche, or any other debt reduction strategy, once you…

  jamesmachawk

  July 31, 2019

• Month End: December Snapshot

  2018 is ending, and I’m glad this year is over with. This year has been a Year of Restoration. There’s been restoration in my finances and even more importantly restoration in my marriage. Restoration isn’t an easy process. When you think about a car being restored, there’s a lot of sweat, hard work, and physical…

  jamesmachawk

  December 31, 2018

• August 12, 2017

  Items in italics are direct quotes from the articles below http://www.investopedia.com/articles/personal-finance/080716/debt-avalanche-vs-debt-snowball-which-best-you.asp Paying off debt is no easy task, but it will bring financial freedom. There are two distinct methods to pay off debt: the debt avalanche way and the debt snowball way. While both are useful strategies to get debt out of your life, one…

  jamesmachawk

  August 12, 2017