A small milestone worth celebrating

Published on myspace on Thurs., Nov. 1, 2007

Alex and I have been celebrating a small milestone today. We have paid off his college debt!
We are working on the goal of being completely debt free. We have created a debt snowball. A debt snowball is when you pay off your smallest debt and use the momentum to pay off the larger one/ones. Once you pay off a debt you use the money that you had been sending to the previous debt to increase the payment you can make on the next debt to be eliminated. If you would like more info. on this idea see Dave Ramsey's book, Total Money Makeover.
Currently reading : The Total Money Makeover: A Proven Plan for Financial Fitness By Dave Ramsey Release date: 06 February, 2007