Dear Debt

Dear Debt,

At some point in our lives, you have weighed the majority of us down whether we are students, consumers, credit card holders, home owners, car owners, business owners, or any potential future debtors. However, we have found an effective method to face and eliminate you once and for all. Normally, for some of us, learning more about you and ways of reducing you seems rather less appealing, nonetheless, it is the initial key step in efficiently and successfully removing you from our lives, so we can go back to our happy and stress-free place where ever and whatever that may be. So, I have created 4 simple points for people like me (a debtor) to read and follow so we can at last free ourselves from you. We hope to never cross paths with you again.

Here are 5 simple ways to reduce your debt stress:

  1. PLAN: create a list of your expenses from greatest to least
  2. PRIORITIZE: sort out where your payments need to be made first
  3. PAYMENT: process payments towards SMALL debts first
  4. PROCEED: proceed using the same steps to reduce debt monthly

Here is a lifehack proven to financially reduce and eliminate you from your debts – the snowball method. Dave Ramsay’s article on the snowball method is a great and useful way to do this. Reading his article made me reminisce back to my childhood memories and now that my school loans come to mind, I’d rather be building and using snowballs to hit instead of getting hit with a ball of debt after my degree. The ultimate purpose of the snowball method is to strategize and build tactics that you believe are essential to your financial situation such as budgeting, cutting back on expenses, or even eliminating unnecessary spending habits. Here’s an outline of how you should get started:

Snowball Method

How the method works:

  • Goal is to start SMALL just like building a snowball
  • Then, your next move would be to just keep building your snowball
  • After you’ve successfully built it, use your ball ($) towards your debt
  • Make another snowball and repeat till your debts all out

Now, I know what you are thinking, that you must put an end to every one of your expenses just to pay of this never-ending debt? The answer is no. You wouldn’t want a stressful journey trying to pay off this stressful debt, right? You need to also incorporate some minimal me time, which would include anything within your budget after you have completed the 4 P’s. Initially, what this does is that it prioritizes your payments that way you can gradually yet prosperously pay off your debts leaving a reasonable amount to your “me time.” The goal is to ease the burden of your debts as you process your monthly payments but to also build a limited, fair and rational amount contributing to your “me time” fund, yay! You’ll be happy, your debts will be happy, and life will once again be debt free! So, I highly urge you to build your very own snowball and get that debt right in the face and become a snow-baller.


“Happiness can be defined, in part at least, as the fruit of the

 desire and ability to sacrifice what we want now for what we

want eventually.” 

– Stephen R. Covey in “The 7 Habits of Highly Effective People”