Monthly Archives: January, 2009
Shifting Focus – Updated Goals For 2009
Earlier this month, I wrote about my financial goals for 2009. After talking things over with my wife for the past couple of weeks, we have decided to shift our focus – temporarily – away from aggressive long-term saving and towards aggressive short-term savings. Here are the changes we plan to make – Original Prioritized [...]
5 Debt Reduction Methods
Debt Avalanche – List your debts – from highest rate to lowest rate – and make minimum payments to all accounts. Make extra payments to the first account on the list, until it is paid-in-full. Combine amount (minimum payment and extra payment) which had been going to the first account on your list, and apply [...]
Debt Deluge – Modified Debt Snowball
I am a big fan of Dave Ramsey. I listen to his radio program and I’ve read all of his books. Dave made famous a specific debt reduction method – The Debt Snowball. From personal experience, I can verify that The Debt Snowball works – and I’ll be eternally grateful for Dave’s enthusiasm about debt [...]
Cleaning Out My Closets (Literally, Not Figuratively)
Back in June, I decided that it was time to clean out the closets in our house. Now, it’s January – and it’s time to do it again. This time, however, it’s going to be fun. Why? Well, I’ve lost 27.8 pounds (so far) since September 29, and I none of my pants fit. This, [...]
