experiencelifemag.com Print › | Back › Pay It Down By Catherine Guthrie March 2009 Having a clear, logical strategy for what you’re going to be paying each month and knowing the date by which you’ll be debt-free is great for your peace of mind — and your motivation. For a worksheet and directions, see www.creativehomemaking.com/debt_payoff_plan.html. Financial expert Dave Ramsey has a pay-off plan he calls the debt snowball. The plan is designed specifically to create momentum and keep you on track. For instructions, see www.daveramsey.com/etc/cms/index.cfm?intContentID=4055 . Or pick up a copy of Jean Chatzky’s Pay It Down! From Debt to Wealth on $10 a Day (Penguin, 2004) for step-by-step instructions on getting out from under your debt. Visit her Web site for more information: www.jeanchatzky.com/books.html.

Pay It Down

• Having a clear, logical strategy for what you’re going to be paying each month and knowing the date by which you’ll be debt-free is great for your peace of mind — and your motivation. For a worksheet and directions, see www.creativehomemaking.com/debt_payoff_plan.html.
• Financial expert Dave Ramsey has a pay-off plan he calls the debt snowball. The plan is designed specifically to create momentum and keep you on track. For instructions, see www.daveramsey.com/etc/cms/index.cfm?intContentID=4055
.
• Or pick up a copy of Jean Chatzky’s Pay It Down! From Debt to Wealth on $10 a Day (Penguin, 2004) for step-by-step instructions on getting out from under your debt. Visit her Web site for more information: www.jeanchatzky.com/books.html.

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