Quote:
|
Originally Posted by terry1156
You want to make sure that you pay the minimum amount on each of your other debts. Once the 24% card is paid off, then you can put all the money toward your 14% card. Once that is paid off, you can put all your money toward any student loans you have. Then you car. Then your house. This is called "snowballing" and is a very effective way to get out of debt.
|
I've built a tool in Excel that will help you (1) get motivated, (2) plan your attack and (3) keep track of payments. It's especially helpful when you have multiple debts as Terry mentioned above.
PM me if you'd like a copy.