Up until now, I’ve been paying more than the minimum on each debt, with really no rhyme or reason as to why I'm paying that amount. But starting August, I’ve decided to attack my loans using Dave Ramsey’s snowball method.
Using the snowball method, I expect to pay off my entire debt (approx. $127,373) in 77-months! I don’t know whether I can follow through with the plan since I expect to be laid off at the end of the year. I just need to remind myself that I need to be flexible enough to adjust my plan to fit my circumstances.
3 comments:
Wow that doesn't seem that bad! I should make a similar chart. I bet you can do it even faster. Good luck!
Thanks! The biggest question mark with respect to whether I can accomplish this will depend upon whether I can find a comparable job after I get laid off. :-(
But thanks for the words of encouragement!
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