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Dave Ramsey on ups strike
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 5661445" data-attributes="member: 12570"><p>His "drivel" is actually common sense money management. I had $48K of post-marital debt that I was able to wipe out in just under 3 years using his principle of listing all of your creditors, their balance and interest rate.</p><p></p><p>With the debt snowball method, you pay off debt in order of <strong>smallest balance to largest, regardless of interest rate</strong>. You make minimum payments on everything but the smallest debt and attack that one with a vengeance.</p><p></p><p>I had a binder specifically for this and it was so nice to cross a creditor off of the list once that balance had been paid in full. I kept the binder as a reminder to myself of just how easy it was to get in to financial trouble.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 5661445, member: 12570"] His "drivel" is actually common sense money management. I had $48K of post-marital debt that I was able to wipe out in just under 3 years using his principle of listing all of your creditors, their balance and interest rate. With the debt snowball method, you pay off debt in order of [B]smallest balance to largest, regardless of interest rate[/B]. You make minimum payments on everything but the smallest debt and attack that one with a vengeance. I had a binder specifically for this and it was so nice to cross a creditor off of the list once that balance had been paid in full. I kept the binder as a reminder to myself of just how easy it was to get in to financial trouble. [/QUOTE]
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