I paid off £17k of debt in just 18 months thanks to an easy trick, anyone can do it no matter how much you earn
A MONEY-SAVING pro has taken to TikTok to share how she paid off £17,000 of debt in just 18 months – and it’s all thanks to a very easy trick.
Sarah revealed that she paid off her credit cards and personal loans by choosing just one to focus on.
While paying the minimum amount on all her debts each month, Sarah would put any extra income towards paying off one in particular.
Once she did, she would move on to the next.
Sarah, known online as @youneedabudget, regularly shares money-saving tips with her 583,000 followers.
In a new TikTok reel, she said: “I paid off $20,000 worth of debt in 18 months using a very specific strategy.
“So today I’m going to show you how you can create your own strategy using the same framework, regardless of how much debt you have.
“Start by making a list of all your debts…and from this list, you’re going to choose one debt to focus on and put extra money towards.
“Choose either the debt with the lowest outstanding balance or the one with the highest interest rate.
“Once you’ve decided which debt to focus on and pay off first, put the other debts in your budget where you’ll only pay the minimum payment on them until the first debt is paid off.
“And every time you get paid, you’ll make sure all of your necessities are covered, and if there’s any money left over, you’re going to take it and assign it to the debt that you’re focusing on.”
Fans loved her method, with the video gaining more than 6,200 likes and 228,300 views.
In the comments, Sarah’s followers shared their reactions to her story, with one writing: “Like this idea.”
Another said: “This is the exact way I paid off over $38k in less than 3 years.
“Gave up most everything and now I am debt free and can finally save and do things.”