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Reply to "How to get out of debt!"
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[quote=Anonymous]Something that has helped me cut into my $40k of credit card debt is to gamify it. Everytime I make a purchase, I put the exact same amount towards my credit card debt. If I can’t afford both, I can’t afford what it is I want to buy. I paid off 2 cards very quickly this way. I also will randomly pay $5-10 here and there. Think of how CC debt works: rarely do you get a card and make a $10k purchase. Instead, it’s usually small things: $8 on a latte here, $12 on mascara there. Just like the little things rack up debt quickly, little payments can knock it down quickly. Lastly, doing a 30 day no spend challenge. The idea is you pay just rent, car, and groceries, and even for groceries, you first eat everything that’s already sitting in your home. A lot of times we think we need to wait to pay off debt until we have a big chunk of money, but really, paying off small bits here and there can get you far. [/quote]
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