Real quick: New Dollarwise dropped last week, and annual is 20% OFF until October 9th.
You can now budget on desktop! Hell yeah.
Get it before it's too late!
Now, onto your insane debt...
Specifically, that monstrosity you call a "minimum" payment.
Your balance sits there, barely moving, like a raccoon that broke into your house and decimated your liquor cabinet.
That’s not an accident.
Your credit card company does NOT want to be paid back fast.
Fast is bad for business. They want small payments forever while interest chews through everything you send. The minimum payment is designed to feel like progress, without ever getting you anywhere.
Run the math on a few thousand dollars at twenty-something percent while paying the minimum. You’re looking at years, sometimes more than a decade.
You’ll pay for that couch three times over and by that time, there'll be holes in it.
So what actually moves the needle?
1) Pay anything above the minimum.
Every dollar over the minimum goes at the principal. Ten dollars counts. Fifty counts. The minimum is the floor, not the plan.
2) Stop feeding it.
You cannot pay down a card you’re still swiping. This is the part nobody wants to hear. Freeze it, delete it from Apple Pay, bury it in a drawer under the batteries and the dead Chapstick. Whatever works.
3) Check your options.
Before it gets too late and you're drowning in "minimums." You're gonna see if you have options to bring those bad boys down.
That last one is where today’s sponsor comes in.
MoneyLion has a debt relief page that lays out what your options actually are: debt management plans through nonprofit credit counseling, debt settlement, consolidation loans, balance transfers, and bankruptcy as a last resort. It also connects you to offers from third-party providers.
[See your options]
Taquitos,
Caleb “Minimum Effort” Hammer
P.S. Before you go hunting for an exit, figure out how you got in.
Dollarwise 7.0 shows you where your money actually goes every month, for 20% OFF annual.
[DOLLARWISE LINK]
Even more exciting than saving money, though?
Making money.
Enter: Referral Games.
Here's how it works:
- Grab your referral link.
- Share it. Every friend who joins monthly gets you a $5 gift card. Every annual sign-up gets you $15.
- Stack referrals and climb the leaderboard. Rankings drop every week.
This is where it gets a little wild.
Hit 10 referrals and you unlock an exclusive swag box.
Finish in the top 5 and I'm flying you to Austin. You'll come hang out at the studio, and I'll pay off $500 of your debt. In person. Cameras probably rolling.
Finish #1 and you get all of that plus $10,000.
Ten. Thousand. Dollars. For telling people to stop being broke, which you already do for free.
Your friends win too. They get a discount on Dollarwise, and they can jump into the Games themselves.
All of it ends October 9.
<JOIN DOLLARWISE + THE REFERRAL GAMES>
Official rules apply.
Referral Games Terms
More legal stuff
