💰 Money School
How to Pay Off Debt
A calm, practical guide to paying off debt. Learn how to list what you owe, free up money to attack it, and build momentum with worked examples along the way.
What you will learn
- 1Beginner: Get the Whole Picture Out of Your HeadFree 6 min
- 2Intermediate: The Payoff Math, Worked Out🔒 10 min
- 3Advanced: Protecting the Plan and Your Cash Flow🔒 10 min
Beginner: Get the Whole Picture Out of Your Head
Write down every single debt
You cannot beat what you will not look at. Grab everything: cards, loans, buy-now-pay-later, money owed to family, all of it.
For each one, write the name, the balance, the minimum payment, and the APR. This one page will feel heavy to make and lighter to have.
Know your minimums
The minimum payment is the smallest amount you can pay each month to stay in good standing. Paying only minimums keeps the lights on but barely touches the balance.
Add up all your minimums. That total is the floor you have to cover every month before any extra progress happens.
Find your extra dollar
Progress comes from any money you can send above the minimums. Even 50 dollars a month extra changes the story over time.
Do not wait for a magic windfall. The plan works on small, steady extra payments far more often than on big rare ones.
Do this before lesson 2
- ✓Make one page listing every debt with its balance, minimum, and APR.
- ✓Add up all your minimum payments so you know your monthly floor.
- ✓Name one realistic amount of extra money you could put toward debt each month.
Create your free account to unlock all lessons
You just finished lesson 1. The other 2 lessons in this course are ready for you. Create a free account to continue, then unlock the full course for $49 (or take the whole Money School for $177).
Full course $49. First lesson stays free, always.