Mrs. Micah: Finance for a Freelance Life

Entries Tagged as 'debt snowball & debt snowflake'

The Logistics of Snowflaking Extra Payments

August 1st, 2008 · 5 Comments

It’s been a little while since I’ve written about snowflaking. After Micah and I discussed the future of the car loan repayment plan, I thought I’d address the actual logistics of snowflaking. First, here’s a brief overview for those unfamiliar with the subject.
What is Snowflaking?
Snowflaking is a debt-repayment process popularized by Paid Twice. It involves [...]

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Tags: debt snowball & debt snowflake

Debt Repayment With a Teacher in the Family

June 18th, 2008 · 4 Comments

Because of the seasonal nature of Micah’s work, we have to slow down our debt snowball in the summer. But that’s ok, because debt repayment doesn’t have to stress us out. We just have to stay motivated and stick with it as long as it’s one of our goals.

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Tags: debt & debt repayment · debt snowball & debt snowflake · life & miscellany

Getting out of debt and world hunger…

April 28th, 2008 · 11 Comments

The news on world food supply hasn’t been good. Droughts, oil issues, etc are creating greater food insecurity for millions. Americans are feeling a small pinch (or even a medium one) though fewer of us have to worry about starving to death in the near future.
Sometimes it seems narcissistic to focus only on our own [...]

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Tags: charity & giving · debt & debt repayment · debt snowball & debt snowflake · personal finance & money management

How to Use Your Student Loan Deferment Grace Period Wisely

April 1st, 2008 · 11 Comments

Is your student loan currently deferred? Here are some thoughts on using your money wisely until you have to start paying it off again.

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Tags: debt & debt repayment · debt snowball & debt snowflake

Evaluating Dave Ramsey’s Total Money Makeover — Which Baby Step is Right for You?

March 11th, 2008 · 17 Comments

An overview of Dave Ramsey’s famous baby steps with advice on where to begin if you’re at different places in your financial path. Not just for people in debt.

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Tags: debt & debt repayment · debt snowball & debt snowflake