This is not a new concept at all.......
You will be surprised at how easy it is to live off less when you pay extra into your loan / credit card debt as soon as your pay comes in. If you wait to see what is left over, you will have nothing (because we tend to spend what we have rather than put money aside first and live within our means).
I challenge you to do it!
I have reviewed our finances and will be placing my CPI payrise into our loans....this will see us payoff one loan in 12 months and then what was going into that loan will go to the mortgage (we are talking over $100k here) and this will get paid off in 4 years...so long as no financial crisis hits us of course.
Anyway, we have a goal to work toward...what is yours?
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