How to Smash Your Debt

How to Smash Your DebtAre you stressed out because of your debt? Well don’t worry. You can smash your debt, and breathe easy again. And I’m here to help you…

Here is what you need to do:

First, write down all of your debt on a piece of paper.

Next organize it into a list starting with the debt which has the highest interest rate at the top, then the next highest interest rate, and so on.

For each item on your list, include:

– The name of the debt.
– The interest rate.
– The remaining balance.
– The monthly payment.

Your plan of attack is to focus on paying off the debt with the highest interest rate first. You can do this by applying any extra money you have from your budget to the high interest debt.

At the same time, you will continue to pay the minimum payments on the remaining debt.

Once your first debt is paid off, take everything that was going to that debt and apply it to the next in line.

This is just a numbers game, and works best when you focus all of your efforts on one debt, instead of spreading it out across several debt accounts.

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