Thursday, October 28, 2021

Pay Off Debt

Step 1. Stop using credit (cut up the cards, so you are not tempted which results in more debt)

Step 2. Save up to $1000 for an emergency fund. (This works for me for things like a new tire to replace one that blew, a new battery for the car when it will not start, a replacement water heater when the old one quits, an unplanned trip to the doctor). If you look at a tire and it is getting close to being replaced this is not an emergency, you still have time to put aside money for the tire. Having an emergency fund means you do not have to pay for something with credit.1: List your debts from smallest to largest. (ignore the interest rates) 2: Make minimum payments on all except the smallest one. 3: Focus on paying off the smallest debt with every extra dollar you can get. 4: Repeat the process until each debt is paid off!

During this time you are not eating out, going to the movies or ball games, or other things that cost money. Research the internet for free things to do like going for walks/hikes. Playing board games with your significant other or the kids.

Send me an e-mail on a good time to call and chat about your situation to There is no cost for the chat. If I do not answer please leave a message. (209) 814-6892. I am often available between the hours of 8 a.m. and 2 p.m. PDT