Week 8 : Keep Debt under Control

 



Last evening, we discussed ways to reduce debt using the Snowball method or the Avalanche method. As well as being aware of the Danger of Debt. Review your payment obligations and write about 1 – 3 bills that you plan to immediately reduce and the method you plan to use to do so.

Comments

  1. SheilaOctober 29, 2025 at 6:42 AM

    Hi. I enjoyed our last class. I plan to do snowball method for a $400 student loan I owe and for a car loan I only owe $1600 to. After that, I'm going to do avalanche method, paying off a credit card that has a 30% interest rate. I am determined to make it happen. I am also not going to use my credit cards and will continue to use my credit wisely. I'm grateful to learn about these things in class.

    ReplyDelete
    Replies
    1. Nija Deleon-SaundersNovember 2, 2025 at 4:48 PM

      That's a great plan, starting off with the Snowball Effect method to knock out those similar debts, and switching it to the Avalanche after shows you're really thinking ahead. Staying away from the credit cards for right now is a smart idea.

      Delete
    2. Jenna A.November 5, 2025 at 12:11 AM

      Always grateful ❤️

      Delete
  2. Eileen FelicianoOctober 30, 2025 at 6:46 AM

    I'm glad to hear that you enjoy Tuesday's presentation by Rashia Schand from Liberty Bank. She truly delivered an amazing presentation on Keep Your Debts Under Control. Keep up the good works, Sheila. U got this!

    ReplyDelete
    Replies
    1. Nija Deleon-SaundersNovember 2, 2025 at 4:53 PM

      Rashia Schand really did drop some gems on how to keep our debt under control. It's always great to hear real-life tips like that. I can just smell my financial freedom, it's sooo close lol

      Delete
  3. QuannaNovember 2, 2025 at 2:07 PM

    Hi everyone!
    I am almost done with paying off my smallest Credit card, and I’m starting to work on my second one. The Snowball Method is working for me now. Once I pay these cards off.
    I would like to try the avalanche method.Right now the Snowball method is working.

    ReplyDelete
    Replies
    1. Nija Deleon-SaundersNovember 2, 2025 at 4:50 PM

      That's amazing, sounds like the snowball method is really doing its thing for you. Once those cards are done, trying out the Avalanche method will help you knock out the bigger things even faster. Keep pushing, you're on the right track!

      Delete
    2. SheilaNovember 3, 2025 at 10:26 AM

      Quana. good job. Keep the faith while you pay off those debts.

      Delete
    3. Jenna A.November 5, 2025 at 12:10 AM

      Proud of you!

      Delete
  4. Nija Deleon-SaundersNovember 2, 2025 at 4:46 PM

    I'm going to try to stop letting the bills stress me out. I love The Snowball Effect because it's very effective for me as I've used it in the past.
    Recently, I got rid of my Internet bill because it was too high, and I combined it with my phone bill, it saved me almost $ $150 a month. Next, I'm going to try to make an extra payment on my credit card consolidation or car note to bring the balance down. They are so close to being done. Two years might seem like a long time, but to me, it's like Wow, it's so close to being done and all the extra money that I've been putting for those bills, I will now be able to start saving once it's paid off. I'm done letting these bills run me. I'm taking control one payment at a time.

    ReplyDelete
  5. Jenna A.November 5, 2025 at 12:10 AM

    The bill that stresses me out the most, is my electric bill.
    There's also my dmv tickets I need to pay, I order to get my license. I have been dying to get this bill taken care of, ever since I got.my apartment, some.sort of stability in my life. Lol

    ReplyDelete

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