Comments on: A Reverse Debt Snowball http://ultimatemoneyblog.com/a-reverse-debt-snowball Wed, 08 Feb 2012 04:40:13 -0800 hourly 1 http://wordpress.org/?v=3.0.1 By: Mrs Money http://ultimatemoneyblog.com/a-reverse-debt-snowball/comment-page-1#comment-4598 Mrs Money Wed, 17 Dec 2008 22:17:45 +0000 http://ultimatemoneyblog.com/a-reverse-debt-snowball#comment-4598 Ashley- The minimum payment is $180 a month. I was going to try to pay $700 a month or so to get it paid off quickly. I think that's a pretty hefty payment each month! Kacie- Thanks! I love the feeling of having less debt, but I think peace of mind overrules that right now. It just feels good to have that money "just in case." Miss M- That is a great way to look at it! I hadn't thought about that. Once I pay it off, it will free up $180 a month! I am excited about that! Ashley- The minimum payment is $180 a month. I was going to try to pay $700 a month or so to get it paid off quickly. I think that’s a pretty hefty payment each month!

Kacie- Thanks! I love the feeling of having less debt, but I think peace of mind overrules that right now. It just feels good to have that money “just in case.”

Miss M- That is a great way to look at it! I hadn’t thought about that. Once I pay it off, it will free up $180 a month! I am excited about that!

]]> By: MIss M http://ultimatemoneyblog.com/a-reverse-debt-snowball/comment-page-1#comment-4557 MIss M Tue, 16 Dec 2008 14:01:33 +0000 http://ultimatemoneyblog.com/a-reverse-debt-snowball#comment-4557 That is how I tackled my credit card debt and car loan. I did end up using the money to pay off the debt once I had enough saved, the improved cash flow offsets losing the big hunk of cash. 4% is pretty good right now, I agree your bank sounds like a good place to stash cash. That is how I tackled my credit card debt and car loan. I did end up using the money to pay off the debt once I had enough saved, the improved cash flow offsets losing the big hunk of cash. 4% is pretty good right now, I agree your bank sounds like a good place to stash cash.

]]> By: Kacie http://ultimatemoneyblog.com/a-reverse-debt-snowball/comment-page-1#comment-4552 Kacie Tue, 16 Dec 2008 09:34:40 +0000 http://ultimatemoneyblog.com/a-reverse-debt-snowball#comment-4552 I think this is a great way to do it, given the economy and circumstances! We're doing a similar thing to take care of our car loan. We're setting aside money to throw at it once we're comfortable with parting with it. As much as I want to see the balance go down, I don't want to get into a jam. I think this is a great way to do it, given the economy and circumstances!

We’re doing a similar thing to take care of our car loan. We’re setting aside money to throw at it once we’re comfortable with parting with it.

As much as I want to see the balance go down, I don’t want to get into a jam.

]]> By: Ashley @ Wide Open Wallet http://ultimatemoneyblog.com/a-reverse-debt-snowball/comment-page-1#comment-4546 Ashley @ Wide Open Wallet Tue, 16 Dec 2008 01:21:38 +0000 http://ultimatemoneyblog.com/a-reverse-debt-snowball#comment-4546 I think that is a good plan. How much are you paying on your student loan?... just out of curiosity. I think that is a good plan. How much are you paying on your student loan?… just out of curiosity.

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