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Hi Walstib,

Some very good advice so far
As a former fellow member of massive CC debt. I would like to share a few thoughts and recommendations that helped me and DW (Dear Wife) get control and quickly slay our near 35K CC debt and much more other debt. It takes a while to work through getting a Budget completely accurate and to a point where it’s showing you and DH the whole picture. I ended up using a rather simple spreadsheet with weekly rows and columns. I get paid biweekly so it made it easier to see each of the monthly bills that way.
The point that I want to make though is that what is so very important is that the Budget is not a torture device its purpose at first is just to balance you spending the goal that you want to strive for is that once you have the month balanced each paycheck you get is paying something to your target debt Card#1 in your case and rewarding you with a larger snowball.

My Recommendation: have a file folder for each Card 1 through 5 on the outside write the balance and minimums. On Card1 same thing but write also for each paycheck you how much more you paid Highlight it every month. That is your focus the rest of your debt until Card1 is paid off is on auto pilot. But, again your focus is on building the Debt Snowball . Luckily we cannot think of 2 things at once. Don’t waste any time on beating yourself up, you and DH are training yourselves to control you income to work for you now. No longer is it just going out to get Stuff… Its got a purpose to work for you. Making a good budget that works and last it really has to give you positive progress each paycheck has purpose. Yes find all the leaks you can cut hear and cut there but everything is focus on Card1. When you are done with Card1 Post on this board how big your new snowball is now.
I cannot emphasis that enough – I don’t see 50K debt, I see Card1… Focus…Kill … Kill .. Kill Grab a cooky a few Rec’s on your progress post for killing Card1 and march on to Card2.
Good luck to you Walstib

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