Money Mastery.The Money Mastery Collective
Workbook 04

The Debt Center

The Debt Center gives you four tools rather than one list: where the debt is, which order to pay it in, what an extra payment buys you, and whether the thing you are about to put on a card is a good idea.

  • The Debt Organization Tool, for every card and loan in one place
  • Avalanche, highest interest first, mathematically optimal for saving money
  • Snowball, smallest balance first, for momentum
  • The Credit Card Debt Center, including buy now pay later
  • The Long Term Debt Center, with detailed interest tracking
  • The Quick Decision Maker, and the 30% rule
Where it lives

Included in every paid membership

All five digital workbooks come with Rise at $49.99 a month. You do not have to use them all in month one. Most people start with one and grow into the rest.

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Inside the system

Four tools, in the order you meet them

Debt is not one problem, so it is not one screen.

01

Get it all in one place first.

Every credit card payment, short term loan and long term loan, before any detailed tracking. Most of the relief people describe comes from this step alone, which is why it comes first.

02

Then choose an order, deliberately.

Avalanche pays the highest interest rate first and is mathematically optimal for saving money. Snowball pays the smallest balance first and is better if what you need is proof that this works. Both are offered, and the tool does not pretend one is right for everyone.

03

See what an extra payment really saves.

The Long Term Debt Center tracks interest in detail and shows what accelerated payments do over the life of a loan. The numbers are usually larger than people expect, which is the point of showing them.

04

And before you add to it, the 30% rule.

The Quick Decision Maker applies it to the purchase you are considering right now, and answers whether another debt payment is wise. It is deliberately unglamorous.

Credit Card Debt CenterMoney Mastery
Total outstanding
$3,151.39
Across two cards
Total interest paid
$83.09
So far, at current payments
Months till debt free
75
Average of both cards
With $100 more a month
27
The same debt, 48 months sooner
  • Target Cap 1 · 28.99% APR$2,093.00
  • Amex · 27.24% APR$1,058.39
Every card, what the interest is really costing, and the month it ends, with the amortization table underneath that produced both. Whether you pay by avalanche or snowball is your choice. Example balances.
Savings FundsMoney Mastery

Savings FundsTarget · current

  • Emergency Fund$2,500 of $5,000
  • Vacation Fund$1,200 of $3,000
  • New Car Fund$2,500 of $8,000
  • Home Down Payment$6,000 of $15,000
  • Holiday Gifts$1,600 of $1,500
Each fund, the monthly amount it needs, and what went in. The system works out the monthly figure from your target and your date. Example funds.
And around all of it

And around the system, the Money Mastery Collective.

Every membership includes the Money Mastery Collective, beginning with La Soglia, and inside it you can ask questions, talk through the decisions behind your numbers, share what is working, and learn alongside other women business owners who want to know what their money is doing.

See the memberships → Explore the full system

Start free

You can see your own numbers before you pay anyone.

La Soglia is the free membership and it stays free. Join it and you get the Net Worth Tracker, a Google Sheets™ file, and the Money Mastery Collective.

Start free with La Soglia → See every membership