Expert Tips for a Debt-Free Future
CRUSH YOUR DEBT FOR GOOD!
Dealing with debt can feel like a hopeless situation.
You try your best to make your payments, but interest charges eat up all your progress. The next month, you’re back to square one.
Don’t worry: You don’t have to be stuck with debt forever!
We reached out to several experts and got their best tips for how to get out of debt. Here’s what they had to say.
Make a list of all of your monthly spending, including: healthcare, utilities, insurance, childcare, housing costs and debt payments.
See where you stand
get stuck in a cycle of barely paying down the interest you accrue each month.
pay more than the minimum
Before you get into the nitty-gritty of debt payoff, start by figuring out the big reason why you want to be debt-free.
Find Your Motivation
Focus on accomplishing one goal at
You’ll make progress quicker, and progress leads to persistence.
narrow your focus
If you want to get rid of your debt fast, it’s important to look for ways you might be wasting money and cut those expenses.
identify bad habits
Did you know it’s possible to negotiate your interest rate with lenders, especially if you’re in good standing?
You can only scrimp and save so much.
Another way to pay your debt more aggressively is to earn more income.
increase your income
As you work toward becoming debt-free, you should set
and reward yourself for achieving them.
don't forget to reward yourself
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