...and I'm addicted to Nintendo Game Cube.
Yes, I am 31...and I'm addicted to Game Cube. Specifically, Laura Croft: Tomb Raider. I played so much that I actually beat the game...I should be excited, right?? (Don't tell anyone...but I am!)
So, tonight I bought Paper Mario Brothers. It's got to be good...it is Mario Brothers. You won't have to wait long...I'll be playing soon.
Saturday, May 16, 2009
Baby Step 2...Here I Come!!!
Baby Step 1 is officially done! I'm so excited! In case you don't know, Baby Step 1 on Dave Ramsey's "Total Money Make-over" is having $1000 in savings. It took me longer than I had expected, but I'm finally there!
Now on to Baby Step 2: the Debt Snowball. I have ordered my debts (credit cards, car, and student loans) from least to greatest. Everything I was putting towards savings now goes to the lowest debt. When that is paid off, it all rolls to my next debt, and so on. The strategy behind paying off the lowest debt first is the psychological victory. Mathematically speaking, it would make sense to pay off the highest interest rate...but as Dave Ramsey says, "If you were concerned about the math, you wouldn't be in this situation!!" Ha! So true!
The Debt Snowball lasts awhile....depending on how much debt a person has. It will probably take me about 2 years to pay off my total debt, but that includes my 2008 Toyota and my student loans! This is about 1/3 of the time it should take to just pay off my car! So, no whining from me about 2 years 'til debt free living!
Now on to Baby Step 2: the Debt Snowball. I have ordered my debts (credit cards, car, and student loans) from least to greatest. Everything I was putting towards savings now goes to the lowest debt. When that is paid off, it all rolls to my next debt, and so on. The strategy behind paying off the lowest debt first is the psychological victory. Mathematically speaking, it would make sense to pay off the highest interest rate...but as Dave Ramsey says, "If you were concerned about the math, you wouldn't be in this situation!!" Ha! So true!
The Debt Snowball lasts awhile....depending on how much debt a person has. It will probably take me about 2 years to pay off my total debt, but that includes my 2008 Toyota and my student loans! This is about 1/3 of the time it should take to just pay off my car! So, no whining from me about 2 years 'til debt free living!
If you are interested in Dave's plan, visit his site. I went through Financial Peace University at my church. You can search on the site to see if there is one being held near you!
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