Wendi talks with her sister, Randi, about the steps to take in order to get out of debt. The two discuss the most important step of the journey; understanding your level of debt and the way to rapidly move through your debt using the snowball method.

Do You Want to Know How to Get Out of Debt? It’s Simple…but Not Easy

The journey from debt starts with getting your budget in order, but after that, what do you do? Wendi and Randi discuss the steps to take to start the ball, make that snowball, rolling. They recognize that while the steps are easy to explain, putting them into practice is a bit harder. However, anything worth accomplishing takes effort. Listen to see if it’s a journey worth taking.

Things that will be discussed:

• The most important step of the journey (01:00)
• Understand your level of debt (04:00)
• How to list your debt (04:51)
• The debt snowball explained (06:21)
• Why it’s simple but not easy (06:58)
• Figuring out your why (07:51)
• Our recommendations (08:41)

Resources:

• Every Dollar app
• Journey From Debt budgeting spreadsheet and allocation plan
• Total Money Makeover, Ramsey, Dave
• Total Money Makeover Workbook, Ramsey, Dave