I am starting this site mostly as a diary for myself as I go through the self-imposed DEBT SNOWBALL in my own way of paying off all my debts and obtain financial freedom as I near my retiring years.  In case you are not aware of what the "Debt Snowball" is I will explain.
You list all your debts except for your mortgage(s) in ascending order from the smallest amount owed to your creditor to the largest balances at the bottom.  You pay only the minimum amount due on all the accounts EXCEPT for the 1st and smallest account and then you put all the extra cash you can find in your budget toward that first bill and pay that off.  Then you move to the next smallest account, add the previous bill's payment to this account and what you have been paying and it is payed off as well.  Move to the next and the next, each time adding the previous bill's payment to the next bill....like a snowball rolling down a hill getting larger and larger until you get to the largest bill and you have hundreds of dollars to shove into that account to pay that off in lightning speed.

I started this almost two months ago and have already paid off 2-credit accounts.  One was a furniture payment and the other was a small credit card.  Both balances were about $1300 together and I had saved some money from my IRS refund and collected on some I had loaned someone earlier in the year so I decided to put that "suprise" return on my own money to good use.  I am on my 3rd account now.  Today is July 19th and in October only a few months away I will pay off a tire/repair credit card in full using the monies from the two previous accounts along with the amount of my usual payment for this card AND I am adding all the extra I can scrape up to make this happen.

After this account is "PAID IN FULL" I will move on to the next one.  And on and on.  I also have a balloon 2nd mortgage monthly payment that is due to mature in something like 6 more years (15-year total) and on this schedule I have put myself on I will have it paid off in the next 38-months, a little over 3-years, instead of 6-years.  I decided to add this in here along with my credit card debt to clear that account and live my life full and financially free!  I am so excited about this process I have started and look forward to my next account's due date.  I have started thinking about every penny I spend, making smart decisions about my future.  Last month, I got so excited to pay on a bank credit card I paid it the day it showed up online and because the 24-hour closing accounting had not finished for the business day it got added to the prior month I had already paid.  So luckily I had some money in my emergency fund and simply paid it with that then replaced the $100 back after the first of July.  But you will become excited about what you are doing when you see your credit profile and start seeing accounts showing that zero balance each month....that is a promise I will make to you.

I have found a great website I will add on this site for debt calculation of paying off your accounts and help you get the full picture of where you are heading with your own debt free life.

Good luck and pay on...pay on...pay on!