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Budget & Finance > Debt Reduction > Advice on July 11, 2011
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Budget for Paying Off Debt

For all income that comes in, no matter how small, pay off the debt with 50%, and live off the rest. This works wonderfully and is wise. Our debt is going down, and one day, God willing, it will be paid off.

By Bonnie from Spokane, WA

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07/16/2011

Every little bit counts, ever seen a dripping faucet in a plugged bathtub? : )

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07/16/2011

This is great advice, even though I'm not to that point yet. Right now I'm using any cash windfalls to pay down and pay off debt.

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