Pay Off Smaller Debts First

[momo2winz]

Thanks for the words of support. I love tweaking my excel spreadsheets and have just set them up to reflect my new purpose,,,,paying off debt! One credit card gone this month, another in 2 months. Lots of little ones I can tackle then take the payments I was making on the small ones combined and start to dissolve the bigger ones. Turning Debt Into Wealth told me I could be out of debt in 21/2 to 3 years. This was after learning all of my balances, int. rates, min and actual payments. Nice to know there's light at the end of the tunnel. Nice to have this forum for advice and support.

[Aleta]

You can do all of this on your own without any program costing you dollars that could be used in paying off your debts.

[debtconsole]

This looks like a good place to start. I think we'll try it. It was getting frustrating with several loans and getting nowhere.

[Johansen8]

Pay Off Smaller Debts First

--this has always been my finance guiding idea

[techguru]

Great informative posts. Keep it up. I like 'em.

[croland]

Paying off small debt first gives me that instant gratification I need and provides more motivation for the next one. I love seeing those check marks.

Chris

[Aleta]

I look at the overall idea of getting rid of as many small bills as possbile. Itr is one less bill to think of as in setting up a date to pay it, writing out a check or epaying it through your account, one less envelope, one less stamp and one bill less to wonder if it gets lost in the mail. I found that it gave me more time and you can focus on a smaller amount of bills. It worked for us.

[gk advocate]

Prioritizing smaller bills helps me a lot in maintaining enough money for my family. From that view, I'm not worried that they will be getting high interests when unpaid.

[albertknowles09]

I look at the overall idea of getting rid of as many small bills as possbile. Itr is one less bill to think of as in setting up a date to pay it, writing out a check or epaying it through your account, one less envelope, one less stamp and one bill less to wonder if it gets lost in the mail. I found that it gave me more time and you can focus on a smaller amount of bills. It worked for us.

[buildmybudget]

What surprises me is the number of individuals I've encountered that lack any strategy for paying off their debts. Not only are they comfortable with living with uncertainty of living with that debt, but they aren't trying to figure out the fastest way out from underneath it. It's mind boggling!

[louissusman]

Sound Good I Will Try It Thanks For Post