This month, I will be starting a new game plan on getting one step closer to financial freedom. I am attempting to simplify and polarize one section of Dave Ramsey's financial plan into a real life scenario. I currently owe a little more than $20,000 in student loan debt and I owe around $150,000 on my house. My student loans are broke down into around 12 small loans. My game plan is to start paying $400 a month extra on the smallest section of my loan. This loan is currently a $31 a month minimum payment. In two months I will have this paid off. When I do get that paid off I will start paying $431 extra a month of my next smallest which is a minimum payment of $40 a month. When that loan is paid off I will start paying $471 extra a month of my third smallest. Get the gist? Haha. This is called the debt snowball effect. These little 30-40 additions seem small but listen to this. In just over two years of paying on my student loans, I will be paying $750 directly to principal on my house note! This is huge! This is even more effective if you have more disposable income to throw at your debt. For me I have made the decision to cut extra things I spend on out of my every day life. Stopped eating out and doing other things that are unneeded.