If you’re carrying more than $5,000 in credit card debt, you’re not alone—but you don’t have to stay stuck. The weight of high-interest payments can feel overwhelming, but there’s a proven system that helps you take back control and pay off debt faster than you think.
One of the best debt payoff strategies out there is Dave Ramsey’s Snowball Method. If you’re new to tackling debt, I highly recommend his book, The Total Money Makeover, to help you understand how to shift your mindset and take action. But let’s dive into what you can start doing TODAY.
Step 1: Get Crystal Clear on What You Owe
Debt thrives in denial. Write down every credit card balance, interest rate, and minimum payment. This is your starting point. Seeing the total number might feel intimidating, but knowledge is power—and this step puts you back in the driver’s seat.
Step 2: Use the Snowball Method to Gain Momentum
The Snowball Method is all about small wins that create BIG results. Here’s how it works:
Pay the minimum balance on all your cards except the one with the smallest debt.
Attack that smallest debt with everything you’ve got—extra payments, side gig money, anything.
Once that card is paid off, roll that payment into the next smallest debt, and so on.
This works because quick wins keep you motivated, making it easier to stay consistent.
Step 3: Cut Unnecessary Subscriptions & Expenses
I recently went through all of our phone and TV subscriptions and was shocked at how much the prices had crept up—without any notifications.
👉 Go through your bank and credit card statements for the last 3 months.
👉 Make a list of every recurring charge.
👉 Cancel anything you don’t actively use or that doesn’t bring real value.
Even if you save just $50 a month, that’s $600 a year that can go straight to your debt payoff!
Step 4: Stop Using Credit Cards (for Now)
Until your balances are paid off, put the plastic on pause. Keep one card for emergencies if needed, but shifting to a cash or debit system helps break the cycle of adding more debt while trying to pay it down.
Step 5: Find Extra Cash to Speed Things Up
Once you’ve cut expenses, look for ways to increase your cash flow:
✅ Sell items you no longer use (Facebook Marketplace, Poshmark, etc.)
✅ Pick up a side hustle or freelance gig.
✅ Put any bonuses, tax refunds, or extra income straight toward your smallest debt.
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Every dollar you throw at your balance reduces the amount of interest you’ll pay and gets you out of debt faster.
What’s In It for You?
Imagine how it would feel to own your money instead of owing it. No more stress when a bill arrives. No more minimum payments eating away at your paycheck. Just freedom, control, and the ability to use your money the way YOU want to.
Debt doesn’t have to define you—it’s just a math problem you can solve, step by step. Start today, and in a few months, you’ll already be seeing a difference.
If you’re serious about paying off your debt, I challenge you to pick one step from this list and take action today. Which one will you start with? Drop a comment and let’s do this together!
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