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Daily Cooking

September 11th, 2010 at 05:31 pm

Im just starting Blogging. After i started a financial blog there were questions about how much i spen on food. I am starting this to to help aleviate those questions. I have to feed me and my wife and our 17yo daughter. Some of the food is from before i started keeping track of food costs, i will anotate this with "---"

Dinner tonight 9/11
Chicken Thighs (Skin on) 1.48
Pasta Roni ---
1/2 bag of egg noodles ---
1 1/2 cup Milk 2.60/Gal 0.48

The Fastest way to pay off debt

August 24th, 2010 at 09:11 am

OK. I know someone out there is going to try to disprove me. Right now I have about $67,000 of debt and spending about $2,200 a month on minimum payments. This includes one loan, two cars, and seventeen credit cards. Without paying anything extra I could pay off everything in thirty-one months. Everyone has heard of the snowball technique and others to help you get rid of debt. I have a different approach, and yes it involves math. Since there are so many variables with debt it makes them imposible to compare. The best way is to compare them on the same level. By taking the ammount you owe then dividing it by your minimum payment then again by the interest rate. This gives you a number and the lowest off all these numbers is the best to pay off. And yes the best one could change every month, untill you get close to paying it off. Then use that money to pay down the next one. I will try to update this to tell you how I am doing with all this. And yes I am asking for someone out there to prove im wrong.