My Secret Trick to Get Out of DEBT!!!! Fast!!!

My Secret Trick – Double Minimum Strategy
I do have one secret trick that I’m going to share with you. This is a trick I’ve used personally for my own debt strategy and I’ve found it very helpful. Like I said, minimum payments are for suckers. So are late fees - and credit card companies can get pretty tricky with sneaking in late fees on your accounts and can sometimes jack up your interest rates as well.
My double minimum strategy will eliminate all or nearly all late fees. Rarely, one might sneak in on you, but you can usually talk them out of it.
Which is another great tip – If you can have the guts to call each of your creditors and talk to them, you might be able to get your interest rates reduced. It doesn’t always work, but it works often enough to make it worth a try. A phone call doesn’t cost anything after all.
Anyway, here is how the double minimum strategy works. Let’s say your minimum payment on one of your cards is $25. That’s great. You pay it on your first payday (or if you have an irregular income, you pay it during the first half of the month). Then, on your second payday, you pay it AGAIN.
Why? You’ve just paid $50 on your debt when you were only required to pay $25. Well, for one thing, you don’t have to worry about the timing of your payment since you are paying the minimum required payment every two weeks. Your payment will never be late.
The other part has to do with the interest. Let’s say the interest for this month is $2.00. That means that $23 of the first payment will be applied to your debt. But for the second payment, the interest has already been paid, so the full $25 will be applied to your debt. So you’ve made $48 worth of progress on paying this bill. If you can find the money to do this (see my tips on extra income) on ALL of your bills, you not only will have no late fees ever, but you will get your bills paid off 50% faster!
You can even use this just fine with your debt snowball spreadsheet. When you are inputting your minimum payments, just double up the ones you are able to pay the extra on. Then let any leftover money go towards your debt snowball. Try this on the spreadsheet and see how it speeds up your pay off dates.
Good luck with your debt strategy.

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