The Debt Snowball Method is the absolute best way to get out of debt when you have multiple loans pulling you in different directions. This is especially true if you actually want to get out of debt way earlier than scheduled.
Ironically, conventional wisdom tells us to get rid of the loans with the highest interest rate first. But that’s not always the best approach to take, which is where the Debt Snowball Method comes in.
My husband and I used this method to get rid of our student loans and it worked like a charm. We’ve only got one major loan left – the mortgage – and now we can focus all our resources on that.
Related post: 10 Things I’m Doing to Pay Off My Mortgage Early
Here’s what you need to know to make the Snowball Method work for you:
I know I’m supposed to stare longingly into my baby’s eyes while I breastfeed her, but let’s be real. Half the time she’s suckling away WHILE sleeping, the other half I’m struggling to keep my own eyes open. And books just don’t do it for me when I’m drained and tired. But TV does. And not just any TV. Only certain shows make the cut when I’m trying to keep my cool at 3 am.
There’s something special about these kind of shows. They’ve all got strong female leads (duh, those are the best), but more importantly, they won’t leave you in tears. Sorry Grey’s Anatomy, you’re a wonderful show but NOT what I need to see while hormones are zipping through my sleep deprived body and I’m cradling my newborn.
So if it’s 3 am where you are and you’re trying to figure out how to keep yourself awake, distracted, and calm, add these shows to your list and relax a bit!
I am bound and determined to pay off my mortgage early. It didn’t start that way, but a few years into the loan my husband and I realized there were just too many benefits to paying it off, so it needed to happen. Since then, the desire to be debt-free has grown, while the loan balance has shrunk.
It’s an amazing feeling to watch this massive loan get smaller and smaller and I can’t wait for the day that it’s over. What’s even more amazing has been realizing that little changes can actually cut off years of mortgage payments. So, of course, when you add up all those little adjustments, you can seriously impact the length of your mortgage.
As with all major endeavors in life, the first step is always the most important, so if want to pay off your mortgage early, take one of these steps TODAY.
Here’s what I’m doing to pay off my mortgage early (and what you should be doing too!):
For the most part, I love shopping for gifts for other people…unless, of course, I have no idea what to get them. The anxiety of not being able to find the right gift for someone can drive me absolutely crazy, so I always try and scour certain sites for good gift ideas way ahead of time. And for the most part, these are the sites that ALWAYS deliver. Trust me, you’ll love them!
If you’re trying to figure out how to retire early, you’re not alone. Retirement is the ultimate dream for most of us and figuring out how to pull that off is happening more and more. It may not be easy, but it’s certainly possible!
If you’re looking for some inspiration, tools to make it happen, or just want to see if you’re on the right track, these books will help you get there. They are full of tips and tricks that will teach you how to retire early and achieve the new American dream.
Good luck and happy reading. 🙂
In my pursuit to pay off the mortgage, I’ve experimented with cutting a lot of costs. To my delight, I’ve discovered that a ton of these things we didn’t even need! In fact, the free or alternative versions have often been better.
Whether you have a financial goal you need to meet or just don’t like wasting, these are the things you need to stop paying for:
Related post: 10 Things I’m Doing to Pay Off My Mortgage Early (and the 1 Thing I Won’t Do)
Over the past 4 years, I’ve had a crib-sleeper, a co-sleeper, an in-his-own-room sleeper, an only-in-your-arms sleeper, and a next-to-my-bed sleeper…and that was just one child. Now I have a newborn, so the joy starts all over again…and this time with two to juggle. While I love co-sleeping, the fear that’s been instilled in me has led me on a search of all the possible co-sleeping alternatives. And luckily, there are quite a few (looks like I’m not the only one trying to make things work).
So if you’re wondering what your options are if your baby or toddler wants to co-sleep, but you (or your spouse) really aren’t into it, I’ve got you covered! Here are some of your other options:
Related post: 12 Ways to Make Co-Sleeping Safer
It is so easy to push off making long-term investments. This is especially true if you feel like you don’t have what you need right now.
The irony in this is that you will likely always feel like you don’t have enough…and if you keep pushing off essential long-term investments, a time will come when you actually don’t have enough.
This is because we’re all wired to think a certain way about money and that rarely changes. You’re either content or you’re not. You save, or you don’t. You feel like you have enough…or you feel like you don’t.
So, in many cases, you just need to force yourself to make the investments. Luckily, that is really easy now-a-days because you can set up an automatic investment plan that will pull money straight from your checking account or even your paycheck. All you really need to do is set up the account. The rest will happen behind the scenes and you can completely forget about it. Then, when you need it most, it will be there.
So what are the critical long-term investments you should start making now? Here they are:
I will never forget my pediatrician’s fateful do-or-die advice at my son’s 9 month check-up. I had asked about co-sleeping, breastfeeding, babysitting, crying-it-out, napping, feeding solids, sun exposure, eye contact, bathing vs. showering, first words, crawling, walking, teething, socks or no socks, and over-mothering. He said: “Whatever you decide to do is fine. Just don’t ever let him watch TV.”
What?? I just nodded my head. I had gone in worried that he’d think I was crazy and walked out thinking he was crazy. Of all the controversial concerns we have about toddlers, TV was the last thing I was worried about – and to be honest, it still blows my mind that people worry about it so much.
For me, I’m actually glad that I let my son watch TV. In fact, I think we’re both better for it. So before you rip your hair out trying to avoid the inevitable, consider these reasons for giving into a little screen time:
For some reason, putting Easter baskets together for my kids is one of my favorite times of the year. There’s way less pressure than Christmas and spring is just about to come! This year we’ve got a 3-year old and a newborn, so it should be extra fun. While I’m sure my 3-year old would have been satisfied with a basket full of trains, I am bound and determined to make it well-rounded and still tons of fun (if you also have a train obsessed boy, you may just want to check out this post → What to Get for Your Thomas the Train-Obsessed Little Boy). So if you’re looking for Easter basket ideas for 3-year old boys, check some of these out!