Comments on: If You Want to Stay in Debt Forever, Don’t Bother Reading this Article

By: Debt Stinks

Debt Stinks — Fri, 03 Oct 2008 15:53:32 +0000

All true. If we all had the discipline to remember these points, we’d be better off, but easier said than done!

By: My Debt Refinance

My Debt Refinance — Fri, 19 Sep 2008 07:19:19 +0000

In the point 7, I think it would be great if the kids are also included. It will create good money habits for their future too.

By: RC

RC — Tue, 09 Sep 2008 04:06:23 +0000

@Matt- The great thing about the debt snowball is that you can approach it in the way it is best for you. I talked about this in my article on tweaking the debt snowball:
http://www.thinkyourwaytowealth.com/2008/06/02/tweaking-the-debt-snowball-to-fit-your-life/
Good luck!!

By: Matt

Matt — Mon, 08 Sep 2008 13:47:57 +0000

I started out on the Debt Snowball approach but found that when attacking a series of larger debts I lose motivation. I am starting to regain the focus and am starting to work a variation of the Dave Ramsey program again though. The main difference is that I am not going to attack the lowest balance but the items that are not in good standing (old student loan problems that I have been dealing with) first.

By: Carnival of Debt Reduction » Blog Archive » Welcome to a windy and rainy Carnival of Debt Reduction

Mon, 08 Sep 2008 12:09:19 +0000

[...] Your Way to Wealth tries some reverse psychology on debt [...]

By: Debt Free Hispanic

Debt Free Hispanic — Thu, 28 Aug 2008 15:29:36 +0000

yes, the Dave Ramsey program works, i’m living proof of that. Great blog, glad I found it off of Problogger’s Killer Titles.

By: RC

RC — Thu, 28 Aug 2008 11:06:50 +0000

@Sandy- It definitely does work, and motivation can be a very powerful part of it.

@Scott- Thanks Scott! It is hard to implement sometimes, even though the advice itself if fairly simple.

By: Scott @ The Passive Dad

Scott @ The Passive Dad — Thu, 28 Aug 2008 05:57:31 +0000

Stop spending new money and cutting up the cards is the best advice. Easy to tell friends, but the hardest to implement. Always seems like something can come up, but it should distract people from focusing on long-term cost cutting goals.

Fantastic tips for anyone trying to stay clear of debt or just stop the CC cycle.

I stumbled.

By: Sandy Naidu

Sandy Naidu — Thu, 28 Aug 2008 04:34:16 +0000

Finishing off one debt at a time by paying off the lowest one first works. It gives us a good motivational boost.