How Do You Reduce Debt With The Debt Snowball Method?
Debt stinks. It just does. It keeps you up at night, cripples your marriage, and destroys your self-worth under the burden of owing someone else. Learn how to reduce your debt the old-fashioned way and become wealthy through your own will power! Confront the problem- Take out every bill, statement, etc. and either type it into a spreadsheet or put it down on paper. Put them in order from the smallest debt amount/balance (regardless of interest rate or monthly payment) at the top to the largest debt amount/balance at the bottom. Also list other info you’ll need to pay them- account login, acct. number, phone numbers, etc. Confront the problem WITH your spouse- My husband and I did this together and it strengthened our marriage ten fold. We have a new respect for one another and we are both on the same page. Do not point fingers. The debt is there, the past is just that. Take the balance of the debt for what it is and tackle it together. No looking back from that point forward. Starting
