re: In debt to well off in 1 year

great for you. In Dec of 2011, i wrote down all my debt on a spreadsheet (except for the house) and i was able to pay off 3 cc's and will have another pd off in 5 months. I applied Dave's methods and attacked the smallest balance first and kept increasing the pymts as other bills were pd off. I wasn't proud of the debt that I accumulated but i feel better as they are pd off. Fwiw any bonuses i recd went to the cc's and i even reduced my 401k contribution from 15% to 10% and applied that 5% tp attack those bills.