Supply Chain at Home: Pay off high interest debt first. Be smart with money.

Why it’s smart to pay off high-interest debt first:

Interest compounds quickly – High-interest debt (like credit cards at 20%+) grows fast. Every month you carry a balance, you’re paying more in interest than on low-interest debt.
Reduces financial stress – Paying off expensive debt frees up money faster, giving you breathing room in your budget.
Faster path to savings – Every dollar you spend on interest is money you cannot invest or save. Eliminating high-interest debt first maximizes what you can redirect to building wealth.
Snowball vs. avalanche – Financial experts often recommend the debt avalanche method: pay the highest interest rates first while making minimum payments on others. This saves the most money in the long run.

EXAMPLE: High Interest Debt vs Low Interest

Scenario:

You have two credit cards:

Card	Balance	Interest Rate	Minimum Payment
Card A	$5,000	20%	$150
Card B	$5,000	5%	$150

You can pay $500/month total toward debt.

1️⃣ Paying High-Interest Debt First (Avalanche Method)

Pay Card A first while paying minimum on Card B.
Extra $350 goes to Card A.

Result:

Card A paid off in ~15 months
Card B paid off in ~11 more months after that
Total interest paid: ~$1,250

2️⃣ Paying Low-Interest Debt First (Snowball Wrong Way)

Pay Card B first while paying minimum on Card A.
Extra $350 goes to Card B.

Result:

Card B paid off in ~15 months
Card A paid off in ~24 more months after that
Total interest paid: ~$2,500

💡 Takeaway

Avalanche (high-interest first): You save ~$1,250 in interest over the repayment period.
Snowball (low-interest first): You pay twice as much in interest, even though the balances are the same.

Paying high-interest debt first directly reduces the money lost to interest—every month you delay, your debt grows faster.

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DIY Quotes

“Entrepreneurs have a natural inclination to go it alone. While this do-it-yourself spirit can help you move forward, adding an element of collaboration into the mix can make you unstoppable.” ~Leah Busque
“We’ve always been do-it-yourself. In that we’ve had complete control.” ~Keren Woodward
“Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.” ~Helen Keller
“If you’re saving, you’re succeeding.” ~Steve Burkholder
It takes half your life before you discover life is a do-it-yourself project.” ~Napoleon Hill
“Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like.” ~Will Rogers