Budget example with stacking effect.
Car payment: $400
Balance $10,000 (25 months)
Doctor Bill: $250
Balance $2,500 (10 months)
Credit Card: $100
Balance $1,000 (10 months)
Total bills $750 month. Total balances $13,500.
25 months.
Attack credit card by adding extra $100 to each payment This will allow you to payoff in 5 month versus 10.
Next use that $100 towards dr. bill. Now you are paying $350 versus $250 so it’s paid off in 8.5 months instead of 10.
Then use that $350 towards the car payment and pay $750 instead of $400. This means the total debt will be paid off in 17 months instead of 25 months. This will take even less time if you can get that smallest debt paid off quicker.
A proven path to keep more of your money, buying things you already buy!