
2. Put Extra Toward Your Bills
Suppose you owe money on anything. Then do whatever you can to pay more than the minimum amount every month (via Savology). If you owe money on your car, call the bank holding the loan to increase your payments each month. That way, you will shorten the life of the loan and pay less because of interest. Do the same thing if you have a mortgage, student loan, or other significant debt (via Savology). Also, try the debt snowball when you work aggressively towards paying off one debt. Then when that debt is paid, you apply all the money each month from that debt towards another one.