The Debt Snowball: How and Why this Method Works

The Debt Snowball: How and Why this Method Works

Take just a few minutes to think about your debt—really think about it—and you’ll no doubt begin to feel overwhelmed.

It’s weird, isn’t it? You might spend years swiping credit cards and signing for loans without a moment’s hesitation. And then one day you wake up with a gasp and a realization:

I have to get rid of all this debt!

But like most things that take time to build up, paying off debt doesn’t happen overnight. Thankfully, you’re not alone. Plenty of folks in the EveryDollar community have been right where you are.

And we’re here to offer you the best method for getting rid of debt faster and easier than you ever thought possible: the debt snowball.

Read More
Create a Game Plan for Attacking Your Debt

Create a Game Plan for Attacking Your Debt

Paying off your debt is a lot like scoring a game-winning touchdown. You start with a solid plan and end with an over-the-top victory dance.

Whether you’re a beginning budgeter or you’ve been budgeting for years, everyone tackles debt the same way: one yard at a time. So get out there and start running!

Here are three straightforward steps to help you pay off your debt once and for all.

Read More
How to Pay Off Debt Faster (and Easier!) Than Ever

How to Pay Off Debt Faster (and Easier!) Than Ever

Want to move from good to better to best in your finances and actually pay off debt fast? You can do it! But you have to draw a line in the sand.

That means no more mindless spending, way less eating at fancy restaurants, and no more swiping credit cards. In order to take control of your budget and make the most of your income, you have to get serious about your good intentions.

Our hope is to pair your good intentions with our proven strategies to help you pay off debt quicker and easier than you ever thought possible. Below you’ll find step-by-step instructions for assessing and attacking your non-mortgage debts, tracking your progress, and staying encouraged along the way.

Read More
Where Does Paying Off Debt Fit Into Your Holiday Budget?

Where Does Paying Off Debt Fit Into Your Holiday Budget?

The average person will spend $463 on gifts for family members this holiday season, according to the National Retail Federation. Between presents, decorations, food and travel expenses, your money gets pulled in more directions than Santa’s sleigh on Christmas Eve.

If you wonder where extra payments on your debt fit into this festive season, here’s a quick four-step guide that shows you how to handle it.

Read More

page 1 of 3