We get into debt for so many different reasons - but don’t know how to get out of it.Here are some practical suggestions that can turn your finances around!
It’s hard to get out of debt and can take years if you don’t know how to do it. Fortunately, there are a few simple steps that will help you pay off your bills faster than ever before.
Debt Snowball is a technique where you prioritize your debts and start with the smallest balance, paying off one at a time and moving to each larger balance.
1. Sort your debts from the highest interest rates to the smallest2. Focus on paying off your highest interest debt first while making minimum payments on the rest.
Making frugal choices with coupons, using existing items rather than new, sticking to your list of groceries, and refraining from impulse purchases can help you get rid of debt sooner.