We all have or have had lingering debt that took quite a long time to get paid off.  Managing several open accounts and paying some amount towards each one can be a burden when the balances are not going down.

Here is a proven method to pay off your accounts faster than you ever thought.  Once the debt is gone you can start saving it for a home or investing in your retirement.  Dave Ramsey calls it the "Debt Snowball Method". It is quite simple actually, and very efficient.

Here is how it works:  "you pay off debts in order of smallest to largest, gaining momentum as each balance is paid off. When the smallest debt is paid in full, you roll the money you were paying on that debt into the next smallest balance".

"It looks something like this:
Step 1: List your debts from smallest to largest.
Step 2: Make minimum payments on all your debts except the smallest.
Step 3: Pay as much as possible on your smallest debt.
Step 4: Repeat until each debt is paid in full."

As you start celebrating the elimination of one account after another, you'll probably feel more positive and encouraged.  Being in control of your finances will allow you to plan for more meaningful purchases or investments towards your future. 

For more information and details about the Snowball Method check out  https://www.daveramsey.com/blog/get-out-of-debt-with-the-debt-snowball-plan.  Whether you chose to use this method or any other methods available to you, I encourage you to take control of your finances and hopefully teach others to do the same.  Your success story will certainly motive others to do the same.

Thinking about buying or selling a home? Contact me at any time. I am never too busy for you!

Mariness Chata / (661)317-3332 / MarinessChata@outlook.com