10-03-2012, 07:43 AM
Cookderosa- I use this method of paying off debt now with exception of the extra income. I already work fulltime and don't have any additional time to bring in more, but once one debt is paid off I add that payment to the next one. It's great because I'm already used to not having that money anyway so it doesn't hurt me. Also, instead of paying off the lowest amount first I am paying off the highest interest debt first and making minimum payments on the lower interest ones. This month I will have one CC debt paid off and will be moving on to the next. If you can stay focused and not change the plan it really works!!