Just as with most big changes, getting out of debt is a lifestyle adjustment. It’s not something you do in one big moment, it’s not something that’s done once and then over. Living debt-free is a lifestyle and a mindset… a really, really great lifestyle and mindset.
So getting out of debt isn’t just about all the things you can do to save or make money (though those help). You can actually get out of debt by simply making little adjustments to your day that have huge and lasting impact. Because when you keep up with these little adjustments, they turn into habits. And that’s when the magic starts!
So if you want to live debt-free and thus financially free, incorporate these habits into your life and watch the magic happen!
The Debt Snowball Method is the absolute best way to get out of debt when you have multiple loans pulling you in different directions. This is especially true if you actually want to get out of debt way earlier than scheduled.
Ironically, conventional wisdom tells us to get rid of the loans with the highest interest rate first. But that’s not always the best approach to take, which is where the Debt Snowball Method comes in.
My husband and I used this method to get rid of our student loans and it worked like a charm. We’ve only got one major loan left – the mortgage – and now we can focus all our resources on that.
Related post: 10 Things I’m Doing to Pay Off My Mortgage Early
Here’s what you need to know to make the Snowball Method work for you: