"Like a snowball, debt reduction starts small - pebble-sized - but by increasing the size of your loan repayments, you can soon get a handle on it If you're doing Dry January, welcome to the club. It's dull and boring, but we're trying to stay focused on the savings - to our livers and hopefully, the weighing scales. But there's another type of investment with even better results, if you make 2026 your year for a debt detox."
"It's dull and boring, but we're trying to stay focused on the savings - to our livers and hopefully, the weighing scales. But there's another type of investment with even better results, if you make 2026 your year for a debt detox."
Debt reduction begins with very small repayments that build momentum like a snowball. Increasing the size of loan repayments accelerates progress and allows faster control over outstanding debt. Choosing short-term austerity measures, such as participating in Dry January, can free up money and reinforce saving discipline. Reduced alcohol spending benefits health and the household budget, potentially aiding weight loss and saving goals. Treating debt reduction as an investment for 2026 can yield significant returns by focusing extra funds on repayment. A deliberate debt detox plan with progressively larger payments produces measurable financial relief.
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