Sentences with phrase «snowball technique»

One of the most popular articles on my blog over the last 10 years has been my article on the debt snowball technique for paying off debt.

The debt snowball technique advises people to list their debts according to the outstanding balances and pay them off from the lowest balance to the highest balance without regard to interest rates.

I've been following the debt snowball technique you mentioned in a previous article to help repay my debt.

A friend of mine told me about Dave Ramsey and his debt snowball technique for paying off debt.

The debt snowball technique seemed simple; you list your debts smallest to largest (regardless of interest rate) and then systematically pay them off focusing every spare dime you have on the smallest account, then the next smallest.

The concept of paying off a mortgage early is inconceivable by most people, yet it is surprisingly achievable using the same debt snowball technique we used to wipe out the other debts.

Dave Ramsey gets a lot of attention for his baby steps to building wealth and his debt snowball technique, but one of the most effective strategies I learned from him is to get over the proverbial «Joneses» complex and start looking at the reality of «what is» and «what isn't» a wise financial decision.

For more information on Dave Ramsey's Debt Snowball Technique, check out my handy debt snowball calculator.

Special thanks to Dave Ramsey and his 7 Baby Steps to Financial Freedom for teaching us about the power of the debt snowball technique.

Although he did not «invent» the debt snowball technique, the systematic plan of debt repayment is most often attributed to him.

As we were paying off our mortgage using the debt snowball technique, I would often search for stories of people who had already paid off their mortgage to get a sense of what it actually felt like to help keep us motivated.

The debt snowball technique is the same debt repayment plan that my wife and I used when we successfully paid off over $ 90,000 in just over two years.

While the debt snowball technique has proven effective for literally millions of people around the world, many «scholarly» financial advisors still criticize the debt snowball method.

In fact, his debt snowball technique was instrumental in my family and I paying off a tremendous amount of debt a few years ago.

If your goal is to be debt free, the debt snowball technique is probably the best method of paying off your debt.

However, one of the biggest complaints people have with the Debt Snowball technique is that it challenges people to pay off loans and credit cards with the lowest balances first instead of loans with the highest interest rates.

One of the drawbacks of using the debt snowball technique is that it can make paying off your debt take longer.

From years of writing on the Yes, I Am Cheap blog, Sandy has tested numerous common techniques for getting out of debt including: debt consolidation, debt management plans, debt negotiation, working from home, the snowball technique, the envelope system, no spend challenges, extreme couponing and just about every other personal finance trick in the book.

Again, you can read about my family's own debt free success story, or you can jump right to my article on the debt snowball technique to learn how you can systematically work through a large amount of debt (credit cards, automobiles, student loans, etc.) as efficiently as possible.

Today I'm writing to shed some light on how we actually paid off that $ 314,000 mortgage in just under 7 years using the debt snowball technique.

The best way we've found to pay off our consumer debt was utilizing the debt snowball technique that we first heard about listening to the Dave Ramsey Show back in 2003.

For more information read my introduction to the debt snowball technique.

Snowball technique.

There are other ways to pay off your personal debts, like the snowball technique.

How fast can I get out of debt using the snowball technique?

Contrary to what Lohr [5] suggests, the sampling methods (e.g., «direct solicitation at conferences and expos, Internet searches, assessment of organization membership lists, and snowball techniques») she and Lepczyk used do not conform to «the tailored design method» described by Dillman et al., [2] who warn of the risks associated with such non-random sampling.

Though the snowballing technique is widely used in organizational research (Gosserand and Diefendorff 2005; Martins et al. 2002; Tepper 1995), it provides little control over the data collection and who actually participates in the study.

These students were asked to recruit three employees and their direct supervisor to fill out online surveys (known as the snowball technique and used in previous studies; cf., Gosserand and Diefendorff 2005; Grant and Mayer 2009; Martins et al. 2002; Tepper 1995).