Start small and win big - It's the first and only rule of thumb when it comes to manageable debt reduction. Why? When you start paying off your smallest debts first, you actually gain momentum and have more money to apply to larger debts sooner saving you time and money. Start small and watch as balances disappear - faster.
We get it. The debt reduction process is overwhelming. Determining the best plan, and sticking to it, takes discipline and budgeting. But it gets easier as you go, especially as your remaining balances reduce and, eventually, disappear.
The debt reduction method is a great place to start. Pay off debts, starting with the smallest, and watch as balances disappear. The more you pay off, the more available funds you have to put towards remaining debts. Like riding a bicycle downhill, your debt reduction plan gains momentum and becomes easier and less overwhelming over time.