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Ask Dave

Hobbies or Debt Snowball?

Extra income should go toward the debt snowball, not toward hobbies and toys. Get out of debt and then have fun.

QUESTION: Rick and his wife are on a tight budget and they have some irregular income.  Can they put that income toward their hobbies or should they keep putting any extra money toward their debt snowball?

ANSWER: You should keep putting the extra income toward the debt snowball.  Live like no one else now so later you can live like no one else.  You can do your hobbies and buy your toys after you get rid of the debt.  Attack the debt – quickly – and then have lots of fun!