Pay Down Debts
Want to pay down debts quickly and efficiently to completely eliminte debt from your life? Are you committed to becoming 100% debt free but need a plan to make it happen?
Here it is! A simple, practical debt payment plan anyone can do to get out of debt FAST.
The debt snowball is a simple but effective debt payment plan made famous by Dave Ramsey, author of "The Total Money Makeover".
Debt snowball steps:
- Make a list of your debts
- Add up how much you can pay
- Target the smallest debt first
- Pay the minimum on all debts except for target debt
- Pay whatever's left on target debt til it is paid off
- Target the next smallest debt and so on down the list
Go to my debt snowball section for detailed description of these steps.
^ Back to top of Pay Down Debts
> Return to Getting Out of Debt page
> Go to Money Saving Ideas Home page