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.
Prioritize your payments. One strategy that will help you reduce your debt the fastest is to pay the minimum on all of your debts each month â except for the one with the highest rate. On that debt, pay as much as you can afford. This will save you money on interest payments and help you reduce that debt faster.