PRLog - Dec. 20, 2012 - EL SEGUNDO, Calif. -- The latest installment of Go Banking Rates’ “Breaking Up with Debt” newsletter series reports on the Dave Ramsey’s debt snowball strategy. Personal finance expert, Jennifer Calonia, shares her secrets to overcoming this debt reduction step, so consumers can move forward to the next phase of Dave Ramsey’s Seven Baby Step plan, successfully.
In her feature, Ms. Calonia encourages consumers to place their utility bill obligations on automatic bill pay, in order to make the challenging task of paying down their debt more focused.
“After forgetting to pay my cell phone bill by the due date four times in the past year, I’ve finally resolved to set up automatic bill pay for a number of my recurring monthly bills, like my car insurance payment and cell phone statement,” says Ms. Calonia. “With non-debt obligations being taken care of in the background thanks to automatic bill pay, debtors can fully focus their efforts on the task at hand: paying off debt.”
The report also uncovers additional ways for individuals in debt to secure their goal of being debt-free, like abandoning credit card use moving forward and organizing financial obligations into a visual list.
Click here to read the full report. (http://www.gobankingrates.com/
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