Comments on: How we paid off our debt http://www.moneysense.ca/2012/12/26/how-we-paid-off-our-debt/ Canada's Personal Finance Website Fri, 17 May 2013 20:29:06 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Axe Debt http://www.moneysense.ca/2012/12/26/how-we-paid-off-our-debt/comment-page-1/#comment-609797 Axe Debt Wed, 15 May 2013 23:09:14 +0000 http://www.moneysense.ca/2012/12/15/making-it-happen/#comment-609797 We paid off our debt using the Debt Snowball method and it worked great! It really gave us the motivation we needed to make serious progress. We paid off our debt using the Debt Snowball method and it worked great! It really gave us the motivation we needed to make serious progress.

]]> By: Akbar Sheikh http://www.moneysense.ca/2012/12/26/how-we-paid-off-our-debt/comment-page-1/#comment-601642 Akbar Sheikh Sat, 20 Apr 2013 07:48:38 +0000 http://www.moneysense.ca/2012/12/15/making-it-happen/#comment-601642 It feels good as a financial planner when you see people achieving their "zero debt goals". I feel the <a href="" rel="nofollow">debt snowball method</a> is not the smartest way to reduce debt because you end up paying more interest. People following debt snowball method and achieving success is largely due to the fact that our finances are more driven by our behavior than our knowledge of personal finance. We want to see quick results and it is effective in achieving that. It feels good as a financial planner when you see people achieving their "zero debt goals". I feel the debt snowball method is not the smartest way to reduce debt because you end up paying more interest. People following debt snowball method and achieving success is largely due to the fact that our finances are more driven by our behavior than our knowledge of personal finance. We want to see quick results and it is effective in achieving that.

]]> By: DeJ http://www.moneysense.ca/2012/12/26/how-we-paid-off-our-debt/comment-page-1/#comment-580859 DeJ Mon, 04 Feb 2013 19:23:12 +0000 http://www.moneysense.ca/2012/12/15/making-it-happen/#comment-580859 Well said, Candace. This article is a joke. Well said, Candace. This article is a joke.

]]> By: Candace http://www.moneysense.ca/2012/12/26/how-we-paid-off-our-debt/comment-page-1/#comment-580780 Candace Mon, 04 Feb 2013 00:04:34 +0000 http://www.moneysense.ca/2012/12/15/making-it-happen/#comment-580780 Is this serious? Paying off a $100,000 mortgage and a $54,000 debt with a $120,000 income? Give me a break. I'd like to hear from people that hit closer to home for me living on less than $50K a year combined with 3 kids in tow.... If you're drowning in debt with a 6 figure income you need to give a serious look at where you are blowing all that money. More focus on retirement less focus on keeping up with the jones'. Good grief. Also we had a very nice wedding for less than $4K, I seriously don't see how $5k doesn't cover it. Too many people trying too hard to keep up appearances. (married in 2007) Is this serious? Paying off a $100,000 mortgage and a $54,000 debt with a $120,000 income? Give me a break. I'd like to hear from people that hit closer to home for me living on less than $50K a year combined with 3 kids in tow…. If you're drowning in debt with a 6 figure income you need to give a serious look at where you are blowing all that money. More focus on retirement less focus on keeping up with the jones'. Good grief.

Also we had a very nice wedding for less than $4K, I seriously don't see how $5k doesn't cover it. Too many people trying too hard to keep up appearances. (married in 2007)

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