Less than 20 weeks until the end of the year is here. How are things coming along? Remember that any amount paid off is still an amount that is paid down – right? It is all good! So, is there anything more you can do to pay down your debt? There might be — and it could be easier than you think!!
When you get your cash for your payment period (be that for two weeks, one week etc), you will continue to purchase your items using that amount. When the end of the period comes round and you are ready to get your next round of cash, what do you do with the money that is left? Make sure that you use all of that to make another payment on your debt!
You aren’t having to work hard to come up with extra money to pay down debts. You budgeted a set amount and just happened to be super smart (and savvy) and spent less than what was budgeted. When you get ready to fill your envelope with cash for your next pay period, just pull out the amount that is left and make an extra debt payment. It is not money you will miss, is it? It is just a matter of “shifting” money from one thing to another.
I know this may sound simple, and that is because it is! Anytime you save money, don’t spend that savings – use it for something important!
|**Please, if you have recently paid off another debt, share with us! You can report every single debt — so that we can have an accurate amount reflected!! As a reminder, the survey is completely anonymous – there is truly no way for me to know who you are at all. You can share your amount you have PAID OFF HERE.|
(I am not a financial advisor and the information listed within these Debt Challenge posts is not to be construed a financial advice. This is knowledge we gained through our own personal experiences and information as outlined in Dave Ramsey’s Financial Makeover — and is being shared as such. Participants are not required to follow any steps listed if they do not wish to do so. Financial concerns/issues should be addressed with a professional in order to receive advice and assistance.)