{"id":391,"date":"2021-05-04T06:22:55","date_gmt":"2021-05-04T06:22:55","guid":{"rendered":"https:\/\/moneyaintmath.com\/?p=391"},"modified":"2021-05-04T06:23:50","modified_gmt":"2021-05-04T06:23:50","slug":"snowball-snowflake-slush","status":"publish","type":"post","link":"https:\/\/moneyaintmath.com\/?p=391","title":{"rendered":"Snowball \/ Snowflake \/ Slush"},"content":{"rendered":"\n

Many, many wise ways to resolve outstanding debts \u2026 many, many wise minds on debt repayment, or as discussed previously … debt satisfaction<\/em> \u2026 and although none thus far have worked for me, you (as an Other Person) might benefit.  I\u2019m just trying to help, Ike. <\/p>\n\n\n\n

Only one real strategy to train the debt monkey \u2013 don\u2019t spend if spend spend smart \u2013 but the first, primary, initial (seminal? moneyshot!) step is to (1) find out what you owe and (2) who you owe it to \u2026 only real way to satisfy your debt is if you know what it is (YEH I\u2019M TALKING TO YOU!!!<\/em>\u00a0 Not an Other Person you, the you in this chair with the flippy fingers YEH YOU got to talk to people and the ones in our head don\u2019t count) and knowing the size of the monkey is important \u2026 must have the right ammo to blow it off the Empire State.<\/p>\n\n\n\n

So!  Without further ado (much ado, always ado) \u2026 a few strategies, techniques, methods to the madness of debt:<\/p>\n\n\n\n

Debt Snowball<\/p>\n\n\n\n

Everyone has heard of this \u2026 smallest to largest with the payments rolled in to the next debt once prior debt is paid off \u2026 which would be great if life didn’t insist on happening, like, every day \u2026 nice idea, doesn\u2019t work.  Immediate correction:  works for some, not for me, anyway, because \u2026 well \u2026 look \u2026<\/p>\n\n\n\n

Type of Debt<\/u><\/em><\/a><\/td>TotalDebt<\/u><\/em><\/td>MinMonthPay<\/u><\/em><\/td><\/tr>
Drunk Monkey<\/td>$65,000<\/td>$375<\/td><\/tr>
700 Monkeys<\/td>$64,000<\/td>$750<\/td><\/tr>
Seriously, Monkey \u2026 ?<\/td>$36,600<\/td>$170<\/td><\/tr>
Failed to Mind the Monkey<\/td>$20,000<\/td>$650<\/td><\/tr>
New monkey\/fresh scent<\/td>$17,500<\/td>$325<\/td><\/tr>
Monkey fun #1<\/td>$10,000<\/td>$200<\/td><\/tr>
Monkey fun #2<\/td>$5,000<\/td>$100<\/td><\/tr>
Monthly monkey<\/td>$3,250<\/td>$3,250<\/td><\/tr>
Did I really buy that, monkey?<\/td>$2,000<\/td>$150<\/td><\/tr>
Darn monkey necessaries\/necessities<\/td>$500<\/td>$70<\/td><\/tr>
Current Foolish Gorilla<\/td>$223,850.00<\/td>$6040.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Slight point of clarification:\u00a0 MinMonthPay<\/em> is not the minimum monthly payment due to creditors but rather the minimum payment each month that is ideal to my tortured and twisted mind \u2026 Those numbers represent the amount of rotten fruit I\u2019d like to feed my monkey each month \u2026 not that I actually do.\u00a0 Just riding the credit card carousel right now (maybe not the future now of an Other Person, but this right now of our right now) and we’re scrinching our face at this so … debt snowball really works if you don’t have to eat or drive or pay for anything, so\u00a0Next up?<\/p>\n\n\n\n

Debt Snowflake<\/p>\n\n\n\n

Almost precious \u2026 any extra money (HA!extra? where’s that?) goes towards debt repayment \u2026 Save $2 from a coupon?\u00a0 That $2 goes towards whichever debt \u2026 yehno.\u00a0 Half does this, will send $0.47 payment and then check the balance … nuts, and genius. \u00a0Me\/myself\/I do not pay attention to the size of the debt monkey; rather, I consider which limb to amputate.<\/p>\n\n\n\n

Debt Avalanche<\/p>\n\n\n\n

Here, just make the minimums on all debts, then circle back with any funds remaining (after living expenses and ER funds) dedicated to debts with the highest interest rates.  I like it.  I like it a lot.  Won’t work tho’ … key phrase “after living expenses” … expenses of living = HAHAHA-ahHAHAHAHAHA may have\/not mentioned a corona pay cut?  Yes that too. Making it work w\/current paper rectangle, but extra?  Still selling Euphoric stuff … still don’t spending … still if spending then asking the 7Qs of smart spending before spending smart … but it’s going to take some time.<\/p>\n\n\n\n

Ergo \/ to wit: this blog.  MRCH to come<\/p>\n\n\n\n

The current approach?\u00a0 Debt Slush<\/em><\/strong> \u2013 the debt that vexes.\u00a0 Now someone else has called this something else but that I care not works this for me … due to the increasing levels of hostility experienced as a result of our … debt revelation<\/em>, as it were … I feel an inordinate amount of anger (all the grrrs) towards certain debts more than other debts … some pieces of my monkey smell more than others … and that is Motivation #3 \u2013 Butcher the Monkey.<\/p>\n\n\n\n

Not that homelessness isn’t a great incentive to get it right and stay there, however prior to reaching that particularly unique circle of haich-ee-double-hockey-sticks there are mini-marts to rob and old people over which to knock, and thus the findwayfeedself situation would be resolved via the ol’ tried & true \u201cthree hots & a cot.\u201d \u00a0<\/p>\n\n\n\n

And yes I have heard that institutionalized food is comparable to garbage but it is served on a tray<\/em>. \u00a0So there.<\/p>\n\n\n\n

Divorce is expensive & I will miss theKid, but hey \u2026 consequences & repercussions.<\/p>\n\n\n\n

BUT! rather than prison I choose to butcher my monkey. \u00a0Into bits. \u00a0While it screams …<\/p>\n\n\n\n

Well?<\/p>\n\n\n\n

It was fun at first but now it has simply eaten too much \u2026 time for a monkey potato<\/p>\n","protected":false},"excerpt":{"rendered":"

Many, many wise ways to resolve outstanding debts \u2026 many, many wise minds on debt repayment, or as discussed previously … debt satisfaction \u2026 and although none thus far have worked for me, you (as an Other Person) might benefit.  I\u2019m just trying to help, Ike.  Only one real strategy to train the debt monkey … <\/p>\n

Read the full post →“Snowball \/ Snowflake \/ Slush”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21,25,26],"tags":[],"class_list":["post-391","post","type-post","status-publish","format-standard","hentry","category-nobuy","category-debt-monkeys-the-credit-circus","category-strategic-spending"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=\/wp\/v2\/posts\/391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=391"}],"version-history":[{"count":5,"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=\/wp\/v2\/posts\/391\/revisions"}],"predecessor-version":[{"id":506,"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=\/wp\/v2\/posts\/391\/revisions\/506"}],"wp:attachment":[{"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyaintmath.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}