How to Speed Up Your Debt Snowball Maybe you just plugged your debts into the Debt Snowball Calculator and your debt-free date seems forever away. We know how defeating that can feel. But there’s a lot you can do to move the finish line closer!
Here are some ways to speed up your debt snowball:
Get on a budget. A budget is just a plan for your money. And you need a plan to make sure you’re throwing as much money as you can at your debt snowball each and every month. Increase your income. Bring in extra money to go toward your debt snowball by picking up a side hustle or finding other ways to boost your paycheck. Sell things. You know you’re sitting on stuff you don’t need anymore—so sell it. And use the cash to fuel your debt snowball. Cut expenses. If you’re spending less each month, you can put more of your income toward your debt snowball. Okay, now that you’ve got a game plan, it’s time to stop dreaming about a life with no debt and actually make it happen. So, what are you waiting for? Get that debt snowball rolling!
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