Comments on: Friday’s Focus on Financial Health: Paying Off Debt http://shesright.org/2008/03/07/paying-off-debt/ Someone's gotta be right around here. Sun, 13 Jun 2010 09:23:06 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Debt Free IQ http://shesright.org/2008/03/07/paying-off-debt/comment-page-1/#comment-5338 Debt Free IQ Thu, 20 Mar 2008 14:32:31 +0000 http://shesright.org/2008/03/07/paying-off-debt/#comment-5338 <strong>Debt Free IQ</strong> Sponsored links: Mortgage Calculator- Homeowner Loan- Get Out Of Debt- Debt Free IQ

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]]> By: Get Out of Debt Squirrel http://shesright.org/2008/03/07/paying-off-debt/comment-page-1/#comment-5095 Get Out of Debt Squirrel Fri, 07 Mar 2008 15:02:06 +0000 http://shesright.org/2008/03/07/paying-off-debt/#comment-5095 Excellent post and you hit the nail right on the head. I've seen far too many people get bored with clearing high balances with lower rates. My fellow debt professionals say "But it makes the most sense?" But for who. The early thrill of watching some creditors vanish gives people the emotional support to see that their sacrifices are making a difference. Besides, a minimum payment freed up to apply elsewhere can go further than yet just a bit more on a high interest debt. Just like getting into debt, getting out of debt requires you to be aware of why you are making the choices you are. Knowing what motivates you is critical to developing a good approach that fits and feels comfortable for you. Excellent post and you hit the nail right on the head. I’ve seen far too many people get bored with clearing high balances with lower rates. My fellow debt professionals say “But it makes the most sense?” But for who.

The early thrill of watching some creditors vanish gives people the emotional support to see that their sacrifices are making a difference. Besides, a minimum payment freed up to apply elsewhere can go further than yet just a bit more on a high interest debt.

Just like getting into debt, getting out of debt requires you to be aware of why you are making the choices you are. Knowing what motivates you is critical to developing a good approach that fits and feels comfortable for you.

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