FMOOD 0158: Making Debt Payoff a Priority - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-05-23T06:00
It's too easy to get lazy about staying focused on our target debt. The target debt is the current debt that has almost all of the focus and available resources towards it to eliminate it as quickly as possible. It sounds great on paper, but sometimes life happens and we may forget to do what we need to do in order to make this a priority.
The best thing for us to do is to set out at the start of the month when we prepare our budget to make our current target debt a high-priority item. Don't simply budget for the minimum payment due and hope that you might come in to some extra money during the month to pay more towards it. You have to set out and prioritize this line item in your budget to get a significant amount earmarked in order to get out of debt as quickly as possible.
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