Target the next balance

You have paid off a credit card balance, and lifted a  burden from your shoulders. You have reduced your debt today and in the future.  What is more,  you have  increased your  financial security.

Step 9. So target the next credit card balance. Now that you are brave, how about picking the card with the highest interest rate? You know most of the steps. But there is a great  Trick. 

Step 10. Trick: Add your total Hot Flash Monthly Payment (for target card #1) to the minimum balance due for target card #2.

  • You developed great self control. You learned not to spend the minimum payment for card #1 ($23 in our example) and the Extra Hot Flash Amount ($100 in our example). That Hot Flash Monthly Payment (of $123) can be used as a weapon again, to dominate your debt. Just turn around and use the Hot Flash Monthly Payment from the previous card. Add it to the minimum balance due for card #2 (let’s pretend that minimum is $50) to get a Bigger Hot Flash Monthly Payment
  • So you will be socking that debt on target card #2 with a Bigger Hot Flash Monthly Payment of $173 each month. Where did I get that Bigger Hot Flash Monthly Payment for target card #2?

Hot Flash Monthly Payment for target card #1 ($123) + the minimum amount due ($50) on the second= $173 Bigger Hot Flash Monthly Payment. 

Step 11. So pay off target card #2 with the Bigger Hot Flash Monthly Payment. You will pay down the total balance due on target card #2  fast because you are using  more money to punch down that ugly, stressful debt.

Step 12. When you pay off the total balance due on target #2, Celebrate

Step 13. Do it again. Target credit card balance #3. Add the Bigger Hot Flash Monthly Payment to your minimum balance due for card #3 and pay it down faster.

You see how that Bigger Hot Flash Monthly Payment amount snowballs in size ? As it does it gives  you the strength and power to pay down more credit card debt quickly, before interest rates go up! You can reduce the stress associated with credit card debt and increase your financial security, exquisitely.

And don’t forget to brag to your friends that you are reducing your credit card debt and increasing your financial security. Tell them how–use the Hot Flash Financial plan.