Step 4: Continue to make your minimum payments for all of your accounts, adding extra principal towards your lowest balance. Pay down your lowest balance account AS FAST AS YOU CAN. Once you have paid off your lowest balance account, do not take your foot off of the peddle! Take the total amount that you were paying on your lowest…
Latest Podcast
The latest episode of the No Credit Needed Podcast is FINALLY up over at NCNPodcast.Com. I hope that you all enjoy the podcasts. I certainly enjoy making them. Today was a struggle. My regular host, ourmedia.com, has been acting up, so I had to find some more free hosting. After looking around for a while, I FINALLY found a site…
How To Get Out Of Debt: Step 3
Step 3: Now you have an organized chart detailing your current debt situation. You can easily see your monthly minimum payments. All you have to do now to begin reducing your debt is to add as much extra money, per month, as you can to the account with the lowest balance. In our example below, the lowest balance has a…