2011 plan

I just did a zoom out on the year 2011 with our debts.  Basically, I made a HUGE game plan... and I really hope we can stick to it! Basically, if we are smart and play our cards right and do what I know will work (which involves a lot of smart decision making), 25% of our debts will be paid off by the end of the year.  It's not the 66% I was aiming for, but at least I know how to be realistic.  I mentioned in a previous blog that there was something to do to help pay off debts a little faster and will keep you motivated.  Here it is -- pay your smaller debts off first.  Here is our game plan: Pay off the smaller debts first (and ours should all be paid off by July), while simultaneously making payments on some of those big debts, whenever you can, to help bring those down a little.  I suggest doing this so that when all your small debts are paid off then your big ones won't be as intimidating. 

... but why should I pay off my small debts first? Wouldn't it be simpler to make big payments on the big debts and littler payments on the smaller debts?  It may seem that way.  However, you want to feel like you are accomplishing something... so get rid of those little debts so they aren't hanging on your back!