How to Make Your Snowballs Work in Overdrive

This is a follow-up to yesterday’s post announcing availability of the first version of my snowball forecast spreadsheet.
By now you’ve had time to play with the forecast for snowballing away your debt and things may be looking pretty sunny or very dim depending on your situation. That’s ok, because getting out of debt is [...]

Snowball Forecast Template

Thanks to Lisa, who commented in my post on the power of the snowball, for prodding me to make a template for others to follow.
The debt snowball method can be a very powerful force when implemented properly and with sufficient planning. If you’re not well-versed in Excel and the formulas, it can be hard [...]

The Power of the Snowball

Update: I have posted a template for setting up your own snowball forecast.
Seeing the snow outside my window got me thinking about Dave Ramsey’s debt snowball concept. After all the reading I’ve done about snowballing one’s debt, I knew I was going to implement the same method in knocking out all of our non-mortgage [...]