The debt hit list is the break down of your debt. Just to pre-warn you, writing it down makes it very real very quickly. You'll list your debts from highest interest rate to lowest. If you have a debt that weighs on your more for emotional reasons, that one could rank higher as well. This is a screen shot of my debt hit list:
6// Decide your Cycle Length
I chose to make my cycle length two weeks long. Each pay day marks the beginning of a new cycle. I'm "zero balance" budgeting, so at the end of a cycle, I'll take all of the money out of my checking account and only have my paycheck, depositing the next day, in my account. Because I'm carefully noting all deposits and debits, this is not a problem at all. Your cycle length might be different depending on what works best for your lifestyle or job.
Once you get to the end of your first cycle, you'll take that amount the that you took out and put into savings and use that to pay towards your debt! If you're not paying debt and you're just saving, stick in savings and leave it there!
7// Start paying off that debt or saving that money!
The most important part of all of this is to stop spending on things you don't need. You can see on my spending register there's still some fast food and things like that, but I'm working hard to make a change and stop spending on those extra things that I don't need. And you can do it to!
I'll be sharing my progress and more tips on making the spending fast work for you every week. Stay tuned!