Next take the money that you have saved and pay yourself and save it to increase your personal savings.

Take 25%-50% of you monthly savings and add to the payment of your smallest monthly payments.

Example: If you smallest monthly payment is on a new computer purchase and your payment is $120.00 per month and your savings totals are $294.00, you multiply 294 by the percentage that you want to apply to your payments. 294 x .25 = $73.50. Take the total (73.50 and add it to the smallest payment, in this case it would be $120.00). Now send the total of $193.50 to your computer payment paying it off much quicker.

Once the smallest payment has been paid off, do not stop go to your next payment. Example your boat payment of $400.00. Take the $193.50 that you were paying on computer payment and add it to your car payment of $400.00= $593.50 and pay that payment off more quickly.
Now here come the magic of multiplication. Take your next payment, house payment of $500.00 and apply the payment that you was paying on your boat of $593.50 = $1093.50 and pay your home off more quickly. The process continues until you are paid totally out of debt.
While you are paying off your bills you are also building a substantial savings for you and your families future.

Do not let life pass you bye, take control of your spending, save money, pay off debt then you can create financial freedoms through opportunity.