Snowballs Chance to Get Out of Debt

[BSClay]

I've taken a course recently about reducing personal debt so I wanted to share some of the things I've learned. But I'm going to have to space it out over a few posts.

At this point you've hopefully built up your $1,000 emergency fund to use … well … for emergencies. You also have a written budget, spending every dollar of your income on paper before the month begins. Did you remember to budget for non-monthly items such as Christmas (it happens at the same time each year) and car insurance? Now, let's start blasting away at that debt you've built using the Debt Snowball.

Soon you will get the details of the debt snowball plan.