Comments on: An Easy Way To Make Debt Disappear More Quickly And Make Budgeting Easier At The Same Time http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/ Simple, applicable personal finance advice for the modern world Fri, 10 Feb 2012 11:47:21 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Laura http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-60116 Laura Tue, 21 Aug 2007 19:43:51 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-60116 Hey trent! Thanks for the advice. I've been using this method. It's alot easier to budget now. Hey trent!

Thanks for the advice. I’ve been using this method. It’s alot easier to budget now.

]]> By: Erin http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33957 Erin Mon, 11 Jun 2007 21:05:30 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33957 It's a good plan, IF your lender actually applies it to the principal. One of my husband's payments was applied to the wrong loan (the lender uses the same number for all the loans, so it's confusing). Instead of applying the payment to the principal, they just applied the one payment as four month's worth of future payments. It’s a good plan, IF your lender actually applies it to the principal. One of my husband’s payments was applied to the wrong loan (the lender uses the same number for all the loans, so it’s confusing). Instead of applying the payment to the principal, they just applied the one payment as four month’s worth of future payments.

]]> By: martha in mobile http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33934 martha in mobile Mon, 11 Jun 2007 19:39:42 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33934 I do this on my mortgage. It's making a 15 year mortgage into a 13 year mortgage. It's easy, feels virtuous and it's fun to play around with in a spreadsheet. What could be better? I do this on my mortgage. It’s making a 15 year mortgage into a 13 year mortgage. It’s easy, feels virtuous and it’s fun to play around with in a spreadsheet. What could be better?

]]> By: Ted Valentine http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33930 Ted Valentine Mon, 11 Jun 2007 19:24:51 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33930 BTW I just calculated if I do this by adding $ 3.79 (rounding up to the next "10") for the remaining term of my mortgage, I'll save $2,263.11 in interest alone. Sweet. BTW I just calculated if I do this by adding $ 3.79 (rounding up to the next “10″) for the remaining term of my mortgage, I’ll save $2,263.11 in interest alone. Sweet.

]]> By: Ted Valentine http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33928 Ted Valentine Mon, 11 Jun 2007 19:22:02 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33928 I like the idea of doing this to my mortgage. I never can remember exactly what the amount is when budgeting. And I like round numbers when budgeting so it doesn't get so nitty gritty. Good post. I like the idea of doing this to my mortgage. I never can remember exactly what the amount is when budgeting. And I like round numbers when budgeting so it doesn’t get so nitty gritty. Good post.

]]> By: Trent http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33924 Trent Mon, 11 Jun 2007 19:02:21 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33924 Would you actually invest the odd $0.36 or buy half of a candy bar? Would you actually invest the odd $0.36 or buy half of a candy bar?

]]> By: A Tentative Personal Finance Blog http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33911 A Tentative Personal Finance Blog Mon, 11 Jun 2007 18:10:39 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33911 We have 140 grand in student loans locked in at 2.6%. I think in my case, it's better to just pay the exact monthly payments and invest the extra money. We have 140 grand in student loans locked in at 2.6%. I think in my case, it’s better to just pay the exact monthly payments and invest the extra money.

]]> By: Patrick http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33905 Patrick Mon, 11 Jun 2007 17:32:23 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33905 I do the same thing with my mortgage payment. Instead of paying $1508.xx, I pay $1550. It is easier to remember, and when I plugged it into a mortgage calculator it save me a few months payments over the course of the loan. I always like to pay a little extra if I can afford it. :) I do the same thing with my mortgage payment. Instead of paying $1508.xx, I pay $1550. It is easier to remember, and when I plugged it into a mortgage calculator it save me a few months payments over the course of the loan. I always like to pay a little extra if I can afford it. :)

]]> By: Justin Pardee http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/comment-page-1/#comment-33894 Justin Pardee Mon, 11 Jun 2007 17:05:05 +0000 http://www.thesimpledollar.com/2007/06/11/an-easy-way-to-make-debt-disappear-more-quickly-and-make-budgeting-easier-at-the-same-time/#comment-33894 Cool, I've been considering the benefits of doing just this - and you just pushed me over the edge. Thanks! Cool, I’ve been considering the benefits of doing just this – and you just pushed me over the edge. Thanks!

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