Step 5 - Freeing Up Income
You were warned in the first article of this series that paying off your debt was going to require some work and sacrifice. That?s what this article is all about. Learning how to reduce the amount of interest you are paying on your debt in step 4 is a great start. If you haven?t done so already, I?d suggest recalculating the total cost of your debt with the reduced interest. You should already be seeing a pretty big difference and that will help to give you the motivation you?ll need for this step.
If you?re serious about getting out of debt, which I?ll assume you are if you?ve made it this far, it?s going to take more than just reducing interest. It?s going to take making extra payments. To do this, you?re going to need some extra View the rest of this article
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