Comments on: Debt Tsunami: The Ultimate Method To Pay Off Debt

By: Cyndi

Cyndi — Mon, 13 Feb 2012 15:27:22 +0000

When my husbaand and I were in a ton of debt, I used a site called, whatsthecost.com. It allows you to see all the scenarios, what the cost of them are, how expensice consolidating into your mortage is and a whole bunch of little goodies. It also creates a to the cent payment plan. The guy who runs it, runs it to help people…. so folks, it’s free because someone cared.

By: Digging out — My Life Better

Digging out — My Life Better — Sun, 25 Dec 2011 05:45:19 +0000

[...] remove this debt, plus X number of years for the record to clear my credit report. Secondly, sheer momentum and success. From what friends have told me of Dave Ramsey’s The Total Money Makeover, momentum is a big [...]

By: Angela

Angela — Thu, 01 Dec 2011 00:23:20 +0000

I just found your blog and have learned so much already. I like the Debt Tsnaumi concept.
I have a small debt that I was almost taken to court over and I settled instead..it caused me a lot of emotional distress and paying it off is more important then my larger debts.

By: Finance bloggers posts I like | Kylie Ofiu

Finance bloggers posts I like | Kylie Ofiu — Mon, 21 Nov 2011 12:57:44 +0000

[...] ManvsDebt Baker shows us the Debt Tsunami the ultimate method for paying off debt. You have most likely heard of the debt snowball and the [...]

By: Seven Years of Fiscal Responsibility | Jackpot Investor

Seven Years of Fiscal Responsibility | Jackpot Investor — Fri, 21 Oct 2011 15:00:26 +0000

[...] factory and prioritized business-related debt.) Adam Baker at Man vs. Debt would call this method a debt tsunami. I don’t care what it’s called. All I know is it [...]

By: The Frugal One

The Frugal One — Tue, 18 Oct 2011 15:26:09 +0000

It IS feasible and I am 40 years old and on step 3. With the debt snowball….I calculate I will be mortgage and equity line free by 2018!!! It’s all about what you spend and not what you make.

By: laura

laura — Sat, 15 Oct 2011 03:24:55 +0000

I am glad you wrote this article. I also combine debt payoff methods. I have all my debts listed from smallest to largest with the interest rates next to them. I can’t justify paying off my $200 debt when that is the bill with the lowest interest rate. I focus on the higher interest rate bills monthly, but if I have a lump sum I can use, I like to use it to pay off a bill. It’s not necessarily the highest interest rate or the lowest balance, but if I get $1800 and I have a bill that is $1400 and one that is $3500, I pay the $1400 bill and get rid of it forever. Then I take that payment and roll it in to another bill. I feel satisfied that I am taking care of the highest interest rates, but also get the satisfaction that I have fewer debts to take care of after I pay one off.

By: Logic and Emotion: Why Smart Money Management Isn’t Just About Math | KM Sciences

Thu, 06 Oct 2011 01:24:32 +0000

[...] debt tsunami. This is the name Courtney and I created to label the own path we took. We prioritized our debts by [...]

By: The Psychology of Paying Off Debt | Save Money Blog

The Psychology of Paying Off Debt | Save Money Blog — Wed, 21 Sep 2011 19:53:47 +0000

[...] Baker takes the debt snowball concept a step further with the “debt tsunami” — paying extra cash toward the loan with the most emotional [...]

By: The Debt Snowball: Our Chosen Method of Getting Out of Debt

The Debt Snowball: Our Chosen Method of Getting Out of Debt — Tue, 20 Sep 2011 12:07:21 +0000

[...] loan from the in-laws comes to mind, for example. Paying off these personal debts fits in with the Debt Tsunami method of debt reduction, which emphasizes paying off your debts “in order of their [...]