When some people get aggressive with their debt, they don’t leave any wiggle room. Don’t put all your money into your debts. You need to have a wage you can live on as well.
Debt reduction becomes like a little addiction. Finding ways to cut corners and save money can be an adrenaline rush as you watch your credit improve and your debts shrink.
Don’t be so aggressive that you are struggling to put food in the fridge. Make a realistic budget. This way, you’ve got money going towards your debt but you’ll have money in case of emergency as well.
Too often, people put every spare dime into debt reduction and run into problems such as a car repair or other unforeseen situation and then jump into debt to fix it. Instead, put away some rainy day money as well as paying off your debt.
