Comments on: 12 Realistic Ways to Pay Off Your Debt Fast

By: Diane Taber

Diane Taber — Tue, 06 Aug 2019 06:56:08 +0000

Hi there Ana! We’re really trying to get out of debt and we have started budgeting to help with that. We’ve started by journaling (and saving as much as we can) to help us build wealth for our financial future. We’re so excited to finally have things under control. It’s such a huge relief. Thank you for the inspiration.

By: Ken @ The Humble Penny

Ken @ The Humble Penny — Sat, 11 Aug 2018 06:19:53 +0000

Great post! Every point had value. I especially likes the points about using raises to pay off debt and also selling stuff.

I’ll certainly explore the new bank account incentives.

By: Máire

Máire — Sat, 03 Feb 2018 20:18:02 +0000

Super article, Ana. I really need to get going on these “free” paychecks. I always budgeted fortnightly so I never noticed them, but they could really accelerate my already high speed snowball! Thank you!

By: Mike @ Ninja Budgeter

Mike @ Ninja Budgeter — Fri, 26 Jan 2018 19:37:48 +0000

Great article, Ana! I’ve never thought of budgeting monthly for a bi-weekly paycheck. That leaves two ‘free’ paychecks per year!

By: Catherine

Catherine — Sun, 10 Sep 2017 18:30:07 +0000

I’m 63 and live in England (so not all your tips can be used), but just taking a look at my spending and building an emergency fund has made me feel calmer. It will be 2020 before I’m debt free but I can finally smell freedom now I’m not burying my head in the sand and not taking my spending seriously. Thank you.

By: Rebecca

Rebecca — Wed, 06 Sep 2017 00:53:40 +0000

One of the ways that I am currently paying off my debt faster is to set up weekly payments on large loans (car, mortgage, personal loan).

I save on interest because my interest is calculated daily. I also cut out that huge, all at once payment for those bills each month. The biggest benefit is that I will be making 2 extra payments per year. After refinancing to a 15-year mortgage, I’ll actually take 2 years off of the payments and can put that extra money into savings.

By: Tim Jordan

Tim Jordan — Sat, 25 Mar 2017 11:06:40 +0000

In reply to Barbara.

Awesome, Barbara! Side hustles are one of the best ways to pay off debt faster or save more. Nice work!

By: Tim Jordan

Tim Jordan — Sat, 25 Mar 2017 11:04:38 +0000

In reply to Rhawnie.

All sort of YES on this, Rhawnie! You’re killing it! Sometimes it’s just a mindset or mind of matter type of thing, and it seems like you’ve completely turned that around in January.

Thanks for the encouragement and comment! Keep it up!

By: Tim Jordan

Tim Jordan — Sat, 25 Mar 2017 11:00:56 +0000

In reply to Rachel O’Malley.

I love everything you’re doing. Keep up the great work and make sure you set aside a little money to reward yourselves.

By: Barbara

Barbara — Fri, 10 Mar 2017 23:04:00 +0000

I’m retired, but my hubby still works. The credit cards were getting out of control because I have a spending problem, so I decided to open a little in-home dog boarding business. I’m crazy about dogs and we don’t have one of our own, so this was perfect for me. I had business cards printed up and stuck them everywhere. I joined two online sites that get business for you and you pay them a small commission when the job is over. Before I knew it, I had quite a business going! I had two or three dogs at a time all summer long.

Whenever I got paid, I’d put the cash in a special savings account and when it reached $1,000, I’d put it towards a credit card. I also paid off a 3-year car loan in 18 months. I stopped spending and even cut back on groceries wherever I could. If I only had an extra $2, it got saved. It’s amazing how fast it builds up. We also cut back on eating out to once a month. I tried every trick in the book and it paid off.