The Five Cent Nickel blog has this story about breaking down your debt into manageable chunks—as little as $5 each—to get ahead on massive debts.
From 5CN:
Enter micropayments… In short, pay what you can afford, and then
scrape together whatever else you can during the month and send in
multiple, smaller payments to your creditor of choice. Believe it or
not, NCN got to the point where he was sending Citibank an extra $5
each and every day via online billpay. By making a game out of finding
an extra $5/day, he managed to stay motivated and slay the debt beast
well ahead of schedule.
This is a creative way to make a game of it. Maybe it would almost be fun to trade in little things, like that Mocha Frap, for a chance to reduce your debt.
- Stephen Carter-Novotni
