Sweep!

There are some who say I don't clean: I just clean with purpose!!

Do you want to crank up your effectiveness with your money? Here's a little tip that packs a punch:

Every day, go to your online banking and sweep the "loose change" into a specific account or onto one bill (pick one and commit). You can sweep the cents, the singles or the tens. Do this often enough, you will sweep hundreds and thousands.

When dealing with debt, you will notice that your interest payments are starting to be covered by the daily sweep, leaving your automated payment to tackle principal. (More on automation later.)

As you clean the accounts, notice that you don't miss the loose change. Increase the cleaning by a decimal place. If you were cleaning 1967.67 to 1960.00, move to the left by one: 1900. Instead of 7.67 on your debt, you just moved 67.67! If that hurts too much, move 17.67, bringing you to the 1950. The goal is to sweep the money until you feel a pinch, then ease off a little. Settle where you are not noticing the loss and absolutely noticing the gain!

For more tips, go to the Debt Annihilation Bootcamp