Transcript for Woman creates method to pay off $30K in credit card debt
We're back with our money smart series and how the mom known as the debt slay er paid off $30,000 in a year. Reporter: After a decade of living with 30 thoul$,000 of credit card debt 34-year-old Jordan wells reached a breaking I always think of it as a low grade anxiety so it's always running like in a stream in the whack of your mind. It was like I can't keep pushing it to the side. Reporter: When popular money management strategies didn't work for her she decided to come up with her own plan and slashed her debt in just one year using what she calls the debt slay er method. I looked at who I owed. How much I owed to them. When the due dates were anticipate interest rates and getting really intimately acquainted with what was happening. Reporter: Next, limit and leverage. I limited the amount of credit cards I was using to make sure I didn't get further into debt and getting lean on my expenses. She recommends automating payments to avoid missing bills and says you have to pay extra. If I had an extra $50 I made the payment. I made a 50 cent payment because I went to the vending machine and I was going to buy a pack of door receipt foes, okay, well, I'll make the statement. Evaluating often kept her motivated as she made progress and look for opportunities to ramp up paying debt down like when children transition from day care to school. And a year later jordanne wells is debt-free. What renights all these people who we talk about paying done their debt they didn't start out rich but committed and kept chipping away at it. Got to stay committed to slay the debt. Go to I'm Dr. Dave Chokshi,
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