Question: A technique called “snowball” says to pay off the smallest one first, but then add that payment to the next one until it’s paid for, then add both of those payments to the next one and so forth. Paying off the smallest one first also gives a feeling of accomplishment early on so you don’t get discouraged. The real key is to cut them up NOW before their paid off so that you won’t add more problems.
Answer: Forgive me if this has already been posted but, I found a free software program on the web that has helped me a lot in this area. You can play with the settings to see how long it will take you to pay off your debts by highest interest rate first, smallest payment first etc. There are two versions of this program one of them is free and one is not. The free one is called Debt Relief and the other one is Debt Analyzer. I have only tried the free version and I really like it. http://www.debtanalyzer.com/download.htm
Hope this helps someone! Cash is the MOST valuable asset when shopping. When you pull out cash and make an offer….many vendors want to listen…..they don’t like seeing cash walk out of the store. Make an offer and when they counter offer….walk. Someone next door will be happy to take your cash for a purchase.
Related posts:
- Debt Consolidation
- What Is The Best Method for Debt Consolidation?
- Need advice – Debt Consolidation
- debt consolidation & the ncc or best method
- Debt Consolidation, Good or Evil?
- Reputable debt consolidation companies
- debt consolidation?
- Good debt consolidation services?
- debt consolidation?
- Tips for staying debt free
- Advice on possible consolidation/equity loan (LONG)
- debt consolidation?