How to Pay Off Your Debt Like You're The Bachelorette
Even if you're not a fan of ABC's all-time money-making franchise, everyone can learn a thing or two from watching The Bachelorette…like how to pay off debt.
Yep, the Bachelorette Debt Payoff Method is a REAL THING and you need to use it. It’s helped thousands become debt free. Here’s how it works ⬇️
Once you've downloaded your payoff planner, rank your debt from highest to lowest interest rate. For example, do you have both student loan and credit card debt? List ALL the things and their interest rates and figure out what's slamming you with the highest rate. This will give you an easy-to-follow, prioritized list as we start to figure out your payoff plan.
Next, Pay the monthly minimum on all your debts, yes ALL of them. And you might be asking, "Haley why'd you make me rank my interest rates if I'm going to be paying off the monthly minimum of all my debt?" See next step, speed racer!
After you've figured out how you're going to pay the minimum monthly payments on all your debt, you're going to then make payments on your debt with the highest interest rate if your budget allows for it. (Not sure if your budget allows? You need the Money Book). This will help you know if you can afford that second gel manicure for the month or if you should be focusing more on this high interest debt.
Remember, if The Bachelorette can sift through 25 unknown men and figure out who the love of their life is (because it always works out that way, right?) then you can pay off your debt in a responsible, timely manner.