Comments on: How To Pay Off Debt: 3 Methods Examined

By: Laura

Laura — Fri, 26 Feb 2010 21:17:50 +0000

I really love the Debt Tsunami idea. In nothing that I have read has it ever suggested that emotion be a factor in budgeting consideration, yet emotion is the thing that drives us into debt in the first place. How very clever.
Laura´s lastest post ..Luck Stew

By: Kristen Escovedo

Kristen Escovedo — Tue, 02 Feb 2010 16:35:42 +0000

Great post. I love how you explained each method. My husband and I started this process several years ago with Dave Ramsey’s method. It eventually turned into a hybrid method that worked for us due to some unforeseen medical bills. The most important thing we did was keeping the list visible. We posted it on our bathroom mirror. It was painful to start with, but as we paid off one thing and then another, we felt a sense of victory. We are about to pay off our second car, leaving only our mortgage and student loan. You are right that you have to pick something that will work for you, but those victories are important – at least they were for us.
Kristen Escovedo´s lastest post ..Waiting for Applause

By: Damon Day

Damon Day — Mon, 05 Oct 2009 05:44:48 +0000

All three methods can work very well. As has been said, the key ingredient is the consumer and their attitude about the debt. For some it is strictly a numbers game as David suggests, and for others it is all about getting some small victories racked up quickly as Dave Ramsey suggests. It is up to the individual to decide what will work best for them. Great post Chris.
Damon Day´s lastest post ..Debt Help – Who can You Trust

By: Alan

Alan — Mon, 24 Aug 2009 22:49:52 +0000

Your article on this blog is fantastic. Well done! I’m a big fan of your blog and be sure to keep up the great work.
I plan on returning and linking to your site.

Sincerely,
Author
The Alan Haft Blog,

By: Stephanie

Stephanie — Wed, 12 Aug 2009 15:20:57 +0000

My husband and I have been trying to find a way to pay off our debts for a long time, i think i’ll present this/thee ideas to him. Great blog here, thank you for this!

By: lori shaneck

lori shaneck — Sat, 25 Jul 2009 10:34:12 +0000

Thank you for this post. I am in the middle of the unsettling task of listing all of our debt. I know that this is the first step and it is the hardest one. I am so frustrated with the mess we have created for ourselves. Thank you for your insights and supportive posts.

By: Carnival of Personal Finance #214: United States Presidents Edition

Carnival of Personal Finance #214: United States Presidents Edition — Mon, 20 Jul 2009 12:44:54 +0000

[...] If you’re a fan of how James Madison kicked the Brits out of the US in the War of 1812, you’ll love how Chris is kicking debt in How to Pay Off Debt: 3 Methods Examined. [...]

By: Friday Roundup of Talk Around The Financial Blogsphere | Managing Money God's Way

Fri, 17 Jul 2009 18:50:57 +0000

[...] I have talked alot here about paying off debt. Over at Your Money Relationship, 3 methods of paying off debt are looked at. [...]

By: Paul @ FiscalGeek

Paul @ FiscalGeek — Tue, 14 Jul 2009 15:45:39 +0000

I think the key to any of this is “your” ability to keep on it regardless of the method. The little wins are huge in the long run for keeping you motivated, get those under your belt to help you through the times when you’re slogging through those huge debts that are going to take you months or years to get off your back.

And don’t get me wrong I’m a Dave Ramsey fanboy but he did not invent the debt snowball, it’s merely the method he has popularized.
Paul @ FiscalGeek´s lastest post ..Screen Door or Window Screen Repair: Frugal Fix

By: David

David — Mon, 13 Jul 2009 21:35:32 +0000

This article and analysis was very well written (good job Chris!) but is anyone else tired or new adjectives to describe ways of paying off debt? Not the author’s fault by any means…I just get tired of new buzzwords getting thrown around that really have nothing to do with the thing they’re describing.