5 Success Tips for Dave Ramsey’s Debt Snowball Method by Personal Finance Expert Jennifer Calonia

Go Banking Rates’ Jennifer Calonia reveals five tips in her latest newsletter installment of “Breaking Up with Debt” that keeps debtors using the debt snowball approach on the path to paying down their debt.
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Dec. 20, 2012 - PRLog -- 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/debt/5-secrets-mastering-da...)

About Go Banking Rates

GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.

Additionally, Go Banking Rates partners with a number of major media outlets such as Business Insider and US News & World Report to provide compelling and edifying personal finance content, and its expert editors have been featured and quoted on several premier finance websites like Yahoo! Finance, Forbes, The Street, Huffington Post and more.

GoBankingRates.com belongs to a network of more than 1500 finance websites, including GoInsuranceRates.com and GoFreeCredit.com. These sites receive more than 2 million visits each month.

For questions or comments, please contact:

Jaime Catmull, Director of Public Relations
Go Banking Rates
310.297.9233 x261
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Tags:Dave Ramsey, Debt Snowball, Debt, Credit Card, Cell Phone
Industry:Finance, Banking
Location:El Segundo - California - United States
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