So, we all know logically how we can reduce debt. Stop spending and attack the debt. Yup, easier said then done. My brother recommended I read the book Total Money Makeover by Dave Ramsey. So, in the spirit of saving money I borrowed it from the library... Sorry Dave. But I have vowed to myself to follow his plan of financial fitness. First step in his plan is to get an emergency fund of $1000 stashed away & NO touching. Next step the "debt snowball" of destroying your debts from smallest to largest, with each debt paid off that destroyed payment gets rolled into paying off the next and so goes the snowball.
This is a good plan... I just need to start making more money with the busy summer season that has started here on the island. Fingers crossed for an awesome money making debt smashing summer!
I also picked up the documentary Maxed Out for more debt reduction inspiration. There were some heartbreaking stories which made me not want to be in debt anymore. I did shed some tears.
This is a good plan... I just need to start making more money with the busy summer season that has started here on the island. Fingers crossed for an awesome money making debt smashing summer!
I also picked up the documentary Maxed Out for more debt reduction inspiration. There were some heartbreaking stories which made me not want to be in debt anymore. I did shed some tears.
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