The Big Idea

Debt grows in the dark. Dave Ramsey's first move is to stop avoiding the statements and list every debt on one page: balance, rate, minimum. The number is usually smaller than the fear.

Every month you pay minimums without knowing the total, the debt quietly decides your plans for you. One honest list takes an hour and turns a vague dread into a problem with edges.

Source: The Total Money Makeover · Station 1 of 12