I love having something visual to keep me on track whilst I'm chipping away at our Debt Snowball, I like being able to see that I'm making progress even if I'm only throwing the odd pound at it every now and then (because we all know that those £1's here and £2's there add up!) … [Read more...]
Is paying off my student loan a good idea?
Is paying off my student loan a good idea? I can answer that question in two words: It depends. Yep, not the answer you were expecting, sorry. Student loans are tricky. Some people don’t know whether to pay them off or not and some hesitate getting one in the first place. Are student loans really worth it? Will they cripple me for the rest of my life? The simple answer … [Read more...]
Baby Step 2 – Debt Snowball – Dave Ramsey Baby Steps UK Version
The Debt Snowball is arguably the most important of the Baby Steps as it not only clears your debt, it changes your attitude towards money. Baby Step 2 (BS2) is to work on your Debt SnowballThe Debt Snowball is a debt reduction strategy where you pay off your debts smallest to largest (regardless of interest rate), this may seem a bit counter intuitive to some people but it's … [Read more...]
