Debt Snowball
Hit debt with a snowball.
Make a list of all your debts and while making the minimum payment on all of them add a little extra to pay off the smallest debt first. Then, shift money to that next smallest debt. Then keep snowballing until all the debts are paid. Now, in blended families it’s more complicated. Say one spouse has more debt than the other. The snowball is paying off all their debt. That may not feel fair. So, it’s okay to make adjustments to the plan because building trust is your most important investment.
Featured Offer
If you want to enter a blended family marriage well, this is the book for you. Aimed at engaged or pre-engaged couples who have at least one child from a previous relationship, Preparing to Blend offers wise counsel on parenting, finances, establishing family identity, and daily routines for your new life together. Within these pages you will learn how to: - predict common issues - define expectations - create solutions
Past Episodes
Featured Offer
If you want to enter a blended family marriage well, this is the book for you. Aimed at engaged or pre-engaged couples who have at least one child from a previous relationship, Preparing to Blend offers wise counsel on parenting, finances, establishing family identity, and daily routines for your new life together. Within these pages you will learn how to: - predict common issues - define expectations - create solutions
About FamilyLife Blended®
About Ron L. Deal
Contact FamilyLife Blended® with Ron L. Deal
email@familylife.com
http://www.familylife.com/
FamilyLife ®
100 Lake Hart Drive
Orlando FL 32832
1-800-FL-TODAY
(1-800-358-6329)