Comments on: Life Lesson 3: Avoid Debt http://www.soyouwanttoteach.com/life-lesson-3-avoid-debt/ Providing HOPE for educators since 2007 Wed, 13 Apr 2011 17:59:29 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Chris Hutchersonhttp://www.soyouwanttoteach.com/life-lesson-3-avoid-debt/#comment-2727 Chris Hutcherson Mon, 29 Sep 2008 20:27:33 +0000 http://www.soyouwanttoteach.com/?p=570#comment-2727 The biggest thing ever to help our family was reading Total Money Makeover by Dave Ramsey. Not only did we cut our credit card bills in half each month, but we only took out half the amount of trash as we normal did, one can instead of two! Amazing how far a little effort goes. :) The biggest thing ever to help our family was reading Total Money Makeover by Dave Ramsey. Not only did we cut our credit card bills in half each month, but we only took out half the amount of trash as we normal did, one can instead of two! Amazing how far a little effort goes. :)

Flag this comment as inappropriate

]]> By: Joelhttp://www.soyouwanttoteach.com/life-lesson-3-avoid-debt/#comment-2665 Joel Sun, 21 Sep 2008 13:26:40 +0000 http://www.soyouwanttoteach.com/?p=570#comment-2665 Julie, paying off the smallest debt gives you a sense of accomplishment much quicker. I have found that the largest debts tend to be the ones with higher interest rares. Or the other way around. Mathematically, it may make more sense to do it your way as it is both faster and cheaper. The problem for me is that the $100 in interest charges and one month of payments that I might earn by going the mathematical route is far out weighed by the reduced stress I gain by only getting one credit card bill a month. Either way, do what works for you. Julie, paying off the smallest debt gives you a sense of accomplishment much quicker. I have found that the largest debts tend to be the ones with higher interest rares. Or the other way around.

Mathematically, it may make more sense to do it your way as it is both faster and cheaper. The problem for me is that the $100 in interest charges and one month of payments that I might earn by going the mathematical route is far out weighed by the reduced stress I gain by only getting one credit card bill a month.

Either way, do what works for you.

Flag this comment as inappropriate

]]> By: Juliehttp://www.soyouwanttoteach.com/life-lesson-3-avoid-debt/#comment-2660 Julie Sat, 20 Sep 2008 22:53:18 +0000 http://www.soyouwanttoteach.com/?p=570#comment-2660 I have to disagree with the pay off the smallest debt to the largest. You should pay off the debt that is charging you the highest interest. That keeps more money in your pocket because you are paying less interest. Other than that, your advice is very good. I have to disagree with the pay off the smallest debt to the largest. You should pay off the debt that is charging you the highest interest. That keeps more money in your pocket because you are paying less interest. Other than that, your advice is very good.

Flag this comment as inappropriate

]]> By: Mister Teacherhttp://www.soyouwanttoteach.com/life-lesson-3-avoid-debt/#comment-2619 Mister Teacher Mon, 01 Sep 2008 16:25:49 +0000 http://www.soyouwanttoteach.com/?p=570#comment-2619 I'm all about avoiding debt, baby. I just got my car completely paid off last week!! WOOHOO!! Hey, did you see that my Darth Vader video was linked by the London Times? I’m all about avoiding debt, baby. I just got my car completely paid off last week!! WOOHOO!!

Hey, did you see that my Darth Vader video was linked by the London Times?

Flag this comment as inappropriate

]]> By: DLhttp://www.soyouwanttoteach.com/life-lesson-3-avoid-debt/#comment-2608 DL Mon, 01 Sep 2008 00:21:31 +0000 http://www.soyouwanttoteach.com/?p=570#comment-2608 Yes, Dave Ramsey is awesome. I was introduced to him on the Fox Business Network. Yes, Dave Ramsey is awesome. I was introduced to him on the Fox Business Network.

Flag this comment as inappropriate

]]>