Comments on: Use Weight Loss Strategies to Get Out of Debt http://www.fivecentnickel.com/2009/11/04/use-weight-loss-strategies-to-get-out-of-debt/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mr. Not the Jet Set http://www.fivecentnickel.com/2009/11/04/use-weight-loss-strategies-to-get-out-of-debt/comment-page-1/#comment-136126 Mr. Not the Jet Set Thu, 05 Nov 2009 17:40:26 +0000 http://www.fivecentnickel.com/?p=3635#comment-136126 This absolutely works. The Debt Snowball works for the same reason that Weight Watchers works - psychology. You start small, and give yourself achievable goals in the right direction. As you achieve them, you build confidence and are able to do things you never thought possible. This absolutely works. The Debt Snowball works for the same reason that Weight Watchers works – psychology. You start small, and give yourself achievable goals in the right direction. As you achieve them, you build confidence and are able to do things you never thought possible.

]]> By: Kris http://www.fivecentnickel.com/2009/11/04/use-weight-loss-strategies-to-get-out-of-debt/comment-page-1/#comment-136100 Kris Wed, 04 Nov 2009 19:11:34 +0000 http://www.fivecentnickel.com/?p=3635#comment-136100 Adam, these are wonderful, and I think your second bulletpoint can be summed up in one word: accountability. If you find it hard to self-motivate (like I do), being accountable to someone else is a huge inspiration. I might add another strategy, which is helpful in both weight loss and debt reduction: don't beat yourself up over a setback. You'll spend more than you should at some point. You'll eat more thank you should at some point. You just gotta get back on the horse. Adam, these are wonderful, and I think your second bulletpoint can be summed up in one word: accountability. If you find it hard to self-motivate (like I do), being accountable to someone else is a huge inspiration.

I might add another strategy, which is helpful in both weight loss and debt reduction: don’t beat yourself up over a setback. You’ll spend more than you should at some point. You’ll eat more thank you should at some point. You just gotta get back on the horse.

]]> By: Kate http://www.fivecentnickel.com/2009/11/04/use-weight-loss-strategies-to-get-out-of-debt/comment-page-1/#comment-136098 Kate Wed, 04 Nov 2009 16:48:14 +0000 http://www.fivecentnickel.com/?p=3635#comment-136098 I like how you point out the positive psychological effects of weight management and exercise. Those same principles hold true to personal finance - so much of it has to do with pyschology and our own mindset. I like how you point out the positive psychological effects of weight management and exercise. Those same principles hold true to personal finance – so much of it has to do with pyschology and our own mindset.

]]> By: Craig http://www.fivecentnickel.com/2009/11/04/use-weight-loss-strategies-to-get-out-of-debt/comment-page-1/#comment-136097 Craig Wed, 04 Nov 2009 16:09:20 +0000 http://www.fivecentnickel.com/?p=3635#comment-136097 Agree, weight loss and debt reduction are very similar. Or just exercise in general. You need to establish goals and a plan and stay on it to achieve the goals. Agree, weight loss and debt reduction are very similar. Or just exercise in general. You need to establish goals and a plan and stay on it to achieve the goals.

]]> By: John DeFlumeri Jr http://www.fivecentnickel.com/2009/11/04/use-weight-loss-strategies-to-get-out-of-debt/comment-page-1/#comment-136095 John DeFlumeri Jr Wed, 04 Nov 2009 15:07:13 +0000 http://www.fivecentnickel.com/?p=3635#comment-136095 That's quite an interesting paralleling of dieting and debt reduction, it does make a lot of sense, cents too! Thanks, John DeFlumeri Jr That’s quite an interesting paralleling of dieting and debt reduction, it does make a lot of sense, cents too!

Thanks, John DeFlumeri Jr

]]>