Which is to say, the speaker has acknowledged that the accounting shenanigans used to get this bill passed in the teeth of statutory spending constraints are basically bullsh**. But thereâs a lot of bullsh** going around Washington just now.
So then I tried the âlittle debtsâ approach. You knowâ¦ Pay off the smallest debt, then take the payment you were making on that and put it against the next debt. Thatâs often called the debt snowball, and the idea behind it is that seeing that âwinâ early is supposed to motivate you.
Once youâve chosen a debt consolidation method, itâs a good idea to keep the total cost as low as possible. Try not to take the maximum amount of time possible to pay off your new loan, and come up with a plan to get out of debt in three to five years.