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.
Paying off outstanding debt is always good. Paying your bills on time is the best way improve and maintain good credit. Thatâs why your first priority is always pay utility bills, credit cards, auto loans, mortgages, or other monthly bills on time, every time. If you have a little extra cash, it doesnât hurt to pay a little extra.