However, if your focus is on eliminating debt, you will put your energy on how to increase your income or cut your budget so you can apply more of money to your debt snowball.
I wanted to talk about how you can get out of debt. About what it takes to end that slavery. My assumption is that you want to be free of the chains and the burden of carrying debt.
So I will continue dealing with maintenance and repairs. It’s not fun to pay them, but it is better than paying interest on an auto loan. A new car would be great, but a monthly car payment would get in the way of my greater goal of paying off the house.
Taking a vacation is a great thing and you should do it. But don’t go and plan a vacation thinking about relying on credit cards to make it happen.
I want to cover stage 2: building up your financial household. After you get out of debt your next step to strengthen your financial position. You want to focus on increasing your savings and managing the risks to your finances.