Hi sweetiepie! What you’re describing is called the Snowball Method of paying off debt. And yeah, we thoroughly endorse it. Stay with me here while I explain for the whole class.
Card A has $500 on it. Card B has $1,000 on it. Card C has $2,000 on it. Each card has a minimum monthly payment of $20. You can afford to kick in an extra $30 every month toward the debt. So you start out paying this:
Card A: $50 ($20 monthly minimum + $30 extra)
Card B: $20 (the monthly minimum)
Card C: $20 (the monthly minimum)
Eventually, Card A will be paid off! Once that happens, you snowball its payments over into the card with the next highest balance. So you’re still shelling out the same amount of money every month, but you’re taking a larger chunk out of the next card. The payments will then look like this:
Card A: $0 (it’s paid off)
Card B: $70 (the $20 monthly minimum + the $20 minimum for Card A + $30 extra)
Card C: $20 (the monthly minimum)
Eventually that card will be paid off too so you keep snowballing the payments into the next card, like so:
Card A: $0
Card B: 0$
Card C: $90 (monthly minimums for all three cards + $30 extra)
The reason the Snowball Method works so much better than paying all the cards off at the same time and at the same rate, is that it will free up your credit faster. Within 10 months, you’re going to have Card A paid off entirely. Whereas if you divided your extra money between all cards ($10 per card), Card A would take almost 17 months to pay off. And the sooner you pay off Card A, the sooner you have an extra $50 a month to throw at Card B.
You can decide on the order of the cards based on the balance, from smallest to largest (the Snowball Method), or on the interest rate, from largest to smallest (known as the Avalanche Method).
i just saw a fb post where a man was arguing with a woman about the best way to make macarons and he kept insisting that she was wrong, and then eventually he was like “I’ve never personally made macarons, but if you think about it what I’m saying makes sense, i’m simply stating the obvious. i’m sure there are plenty of youtube tutorials that would show you the same thing.” and the woman replied by linking him to her instagram business page and she makes fuckin macaron towers for parties for a living and i’ve been laughing about it for a solid 5 minutes.
Men automatically assume they’re more of an expert on something than any woman on account of their dicks. I’ve never met such an ignorant and narcissistic creature as a male
I’ll never forget a time when a fb friend of mine posted that she’s on her way to hospital to give birth. Women commented with “good luck” and other encouraging messages. A man’s comment was advice on how to give birth.
You have got to be kidding me
So I was talking about Jekyll & Hyde (the book) at a writer’s museum while we were looking at an Robert Louis Stevenson exhibit. I was giving my take on Jekyll, and my brother tried to counter it. I countered back easily, and then he said “well I’ve never read the book”
My dude………..stop
my ex, whose baking experience was pretty much limited to frying premade biscuit dough in boy scouts to make ‘donuts’, would constantly try to correct me or give me advice on baking
i’m a fucking pastry chef
met a dude at a party who was talking about physics and asked if i’d ever listened to any online physics lectures bc he listened to all of this one series and they were so helpful and maybe i could learn some physics too
i have a degree in physics
and am a published coauthor in astrophysics
the best part is that the woman who invented the term ‘mansplaining’ (her name is Rebecca Solnit and i highly recommend her collection of essays) came up with it when she was at a party one night and a man tried to explain a book to her, and wouldn’t let her speak long enough for her to tell him that
she wrote the bloody book he was mansplaining to her
You know I have plenty examples of this but that last one takes the cake so imma just let it be.
EmotionalGay94 