But does your budget really need sinking funds? Come find out! Bonus – 8 tips for success! Continue Reading Save Money What is a Sinking Fund and How to Use One? May 5, 2022 No Comments The perfect financial tool to help you protect your debt pay off goals. Learn the 3 easy ...
Which debt should I pay off first? When you have debt, it can be challenging to determine the order of operations. Step 1 The first step to paying off debt is making a budget so that you know your cash flow – how much money is coming in and going out every month – to determ...
By paying off your smallest debt first (instead of focusing on the interest rate), you get a quick win! Plus, you immediately free up money to tackle the rest of your debt. The debt snowball gives you the motivation and momentum you need to become debt-free once and for all! Step 2...
1. Assess your debt load 2. Weigh DIY debt payoff methods 3. Consider debt consolidation 4. Get clear on your budget 5. Lower your bills 6. Find a way to make more money 7. Explore debt relief The best way to pay off debt depends on how much you o
Want to pay off debt this next year? I’m breaking down 3 steps you need to take to pay off debt FAST. These are the steps that our family took to see progress on our debt payoff journey without making a fortune. This episode is perfect for anyone who is tired of debt payments and...
When you are wondering how to pay off debt, you may not consider paying bills on time that important, but it is. That was key to me getting on track with my debt-elimination journey. I wish I had done this sooner. It may take a while, but you can do this. Make More Money A ke...
2. Avoid increasing the amount of debt that you already have –If you are having difficulty paying off existing debt refrain from gaining new financial obligations. Implement savings practices to be able to make payments which are due in a time frame greater than one month, for example certain...
“Nice to have” is everything else. While whittling down your debt, you can’t slack off on your “need-to-have” expenditures. But you can decrease your “nice-to-have” spending and use that extra toward paying down a credit card or loan balance. Cancel that gym membership or ...
Trying to figure out how to pay off debt fast? Good for you. Once you commit—like, really commit—to tackling your debt, you might find that you get a little bit obsessed (in the best way!) with paying off your debt as aggressively as possible…and that’s the best way to get ou...
Trying to figure out how to pay off debt fast? Good for you. Once you commit—like, really commit—to tackling your debt, you might find that you get a little bit obsessed (in the best way!) with paying off your debt as aggressively as possible…and that’s the best way to get ou...