Comments on: My “Get Out of Debt Journey”: Part 3 http://howtostayafloat.com/2009/07/my-get-out-of-debt-journey-part-3.html/#utm_source=feed&utm_medium=feed&utm_campaign=feed Your money, your life Thu, 05 Jan 2012 07:16:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Stephanie http://howtostayafloat.com/2009/07/my-get-out-of-debt-journey-part-3.html/#comment-59 Stephanie Sat, 25 Jul 2009 17:29:19 +0000 http://www.howtostayafloat.com/?p=103#comment-59 I agree Andrea, good point, I think that is a great way to accomplish goals...There's an acronym for it, they are call S.M.A.R.T. goals. Simple, Measurable, Accurate (i think), Realistic and Time-driven (meaning on a time line). I agree Andrea, good point, I think that is a great way to accomplish goals…There’s an acronym for it, they are call S.M.A.R.T. goals. Simple, Measurable, Accurate (i think), Realistic and Time-driven (meaning on a time line).

]]> By: Scooter_Girl http://howtostayafloat.com/2009/07/my-get-out-of-debt-journey-part-3.html/#comment-58 Scooter_Girl Tue, 14 Jul 2009 14:57:08 +0000 http://www.howtostayafloat.com/?p=103#comment-58 Excellent story Andrea and a good response to Neil. Unlike a crash diet, Ramsey's approach teaches self control over the long haul and like the snow ball, the momentum builds in how much you can pay toward the next debt. Thanks for your column Andrea. Excellent story Andrea and a good response to Neil. Unlike a crash diet, Ramsey’s approach teaches self control over the long haul and like the snow ball, the momentum builds in how much you can pay toward the next debt. Thanks for your column Andrea.

]]> By: Best of Personal Finance: Suggest a link for Wise Bread's Weekly Roundup - Page 10 - Wise Bread Forums http://howtostayafloat.com/2009/07/my-get-out-of-debt-journey-part-3.html/#comment-57 Best of Personal Finance: Suggest a link for Wise Bread's Weekly Roundup - Page 10 - Wise Bread Forums Fri, 10 Jul 2009 17:02:36 +0000 http://www.howtostayafloat.com/?p=103#comment-57 [...] debt and car loans. Judging by the comments, this series seems to hit home with a lot of people. My "Get Out of Debt" Journey __________________ Freaking out about the economy? Visit [...] [...] debt and car loans. Judging by the comments, this series seems to hit home with a lot of people. My "Get Out of Debt" Journey __________________ Freaking out about the economy? Visit [...]

]]> By: Andrea http://howtostayafloat.com/2009/07/my-get-out-of-debt-journey-part-3.html/#comment-56 Andrea Fri, 10 Jul 2009 14:17:38 +0000 http://www.howtostayafloat.com/?p=103#comment-56 Hello Neil. I found the Dave Ramsey approach to be just the opposite of a crash diet. Let's say you need to lost 80 lbs. Instead of going after all 80 at once, you focus really hard on losing 10 lbs. Then you focus on the next 20. And so on. It makes the process less overwhelming. Same with debt. You focus hard on the smallest bill. Then the next one. It worked for us, and I know it's worked for thousands of others too. Andrea Hello Neil. I found the Dave Ramsey approach to be just the opposite of a crash diet. Let’s say you need to lost 80 lbs. Instead of going after all 80 at once, you focus really hard on losing 10 lbs. Then you focus on the next 20. And so on. It makes the process less overwhelming.

Same with debt. You focus hard on the smallest bill. Then the next one. It worked for us, and I know it’s worked for thousands of others too.

Andrea

]]> By: Neil http://howtostayafloat.com/2009/07/my-get-out-of-debt-journey-part-3.html/#comment-55 Neil Fri, 10 Jul 2009 12:39:51 +0000 http://www.howtostayafloat.com/?p=103#comment-55 Hi The worry I have about the Dave Ramsey approach is that it's rather like a crash diet (with the same chance of failure). Wouldn't a slow but steady approach work better? Hi

The worry I have about the Dave Ramsey approach is that it’s rather like a crash diet (with the same chance of failure). Wouldn’t a slow but steady approach work better?

]]>