I have to admit that I am growing bored with the debt snowball. I listened to some Dave Ramsey this evening to see if it would inspire me, but it just didn’t. I think paying off the next debt in the snowball just seems less exciting that paying off that first one. Sure, it will be nice when we’re down to just one last debt on the list, but I guess I feel like I am losing momentum.
One nice thing that happened last month in the snowball was getting to the point where the vast majority of the payment on debt #2 went toward principal. There is almost nothing going toward interest on that one anymore. Sadly, loan #3’s payment is over $200 and less than half of it goes toward the principal. If I think about that, it does start annoy me, which makes me want to kick it to the curb that much more.
I envision that some day in the not-too-distant future–when we are DEBT FREE!!– we will look back at this time and remember how it felt like such an uphill battle, a sisyphean task. But, it will be worth it, oh so worth it. In Dave’s words, “Live like no one else so you can live like no one else.”