A Hands-On Way to Pay Down Debt

Jenna Reed

Debt is such a drag—especially when you’ve got multiple cards with different balances and interest rates. 

Yes, I know about the “snowball” method (where you pay off the smallest balances first), but I have two new ideas for you today.

First, we’ve teamed up with Refinery29 to give you a sizzling offer:

Enter here for a chance to win $2,500 that you can put toward your credit cards—now!

Next, try my simple debt tracker. It’s an easy-peasy spreadsheet that helps you divide the money you have among your various balances. 

Just enter the card names, their balances, and interest rates. Then for each month, enter how much you can afford to put toward your debt. (I call it your “payback budget.”) Some months you may have more cash handy than others, so you can change it as you go.  

The point of this chart is to help you divide and conquer your debt—and see how different paydown strategies play out.

And if you’re lucky, Refinery29 and DailyWorth might help you get to that zero-balance much, much sooner!  Enter for a chance to win $2,500 toward paying off your credit cards here!

Download Jenna’s Debt Tracker HERE.


Out of the Box
The average American household with at least one credit card carries a total balance of around $10,700.


Get down. What strides have you made toward tackling debt?