Monday, July 7, 2014

How Getting Healthy is Like the Debt Snowball Repayment Process Described by Dave Ramsey!

My husband and I are attempting to work on our finances by following Dave Ramsey's "Financial Peace University" study, and part of his debt reduction plan includes paying off debt over time with what is known as a "Snowball" effect.

What he means is that you pay off the smallest balance first, then you "snowball" what you WERE paying for the smallest balance into the payment for the NEXT smallest balance debt, and so on and so forth.

So every day, you are doing the work necessary to get out of debt, and you are scoring victories right away by seeing the small balances go away so you can get to work on the larger balances.

Getting healthy is a similar process, you are doing the same work every day and scoring small consistent victories as we "snowball" that daily effort into the larger victories.  And soon enough, our "energy surplus" that we have been carrying around for years and years (in the form of unwanted and unnecessary fat) is reduced and eventually eliminated!  It's all about energy balance!  =)

But the work is the same!  I've never seen Dave Ramsey advocate "celebrating" paying off one of the smaller balance credit cards by going on a "splurge" and creating more debt in the process! 

And the same holds true for us. 

Daily, consistent, steady effort practicing delayed gratification in view of a larger goal that is fundamentally important to us. 

LOVE it!

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