Debt Payoff

  • Debt Repayment Strategies

    7 Debt Repayment Strategies: How to Get Rid of Debt

    Reducing debt requires commitment and planning. By prioritizing high-interest debt, developing a repayment plan, and avoiding new debt, you can take control of your financial future and work towards a debt-free life. Remember that progress may take time, but you can achieve debt freedom. Follow these steps to assess your debt situation. Step 1: List Your Debts Compile a list…

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  • Debt Snowball or Debt Avalanche

    Debt Snowball or Debt Avalanche: How to Choose the Best Method

    You have options when it comes to paying off debt. Two popular strategies are the debt snowball and debt avalanche methods. But, which method is best for you? To pave your way to debt freedom, it’s crucial to prioritize and select the best debt repayment strategy. Here’s how you can decide: Assess Your Debts: Start by compiling a debt list…

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  • Payoff Credit Cards

    10 Powerful Tips to Pay Off Credit Cards

    Credit cards are useful financial tools, but they can become out of control with uncontrolled usage. What may seem to have been a small, manageable balance has ballooned to a stressful amount. If you have credit card balances and want to pay them off quickly, follow these tips to pay them off. 1. Stop spending What often derails debt-free seekers is continuing…

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  • Eliminating Credit Card Debt

    How to Eliminate Credit Card Debt for Good

    Our relationship with credit cards starts with the best intentions. We never plan to carry a balance from month to month. Even with the best intentions, things still happen, and a relatively small balance can turn into a huge pile of debt. So what can you do? Understand Credit Cards Credit cards are financial tools that allow you to borrow…

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  • Manage Your Debt

    How to Best Manage Your Debt

    Debt is a common financial tool used by many to finance various expenses, investments, and purchases. However, managing debt effectively is crucial for maintaining financial well-being. In this guide, I’ll walk you through how to manage your debt. But, first, let’s go over some debt basics. Understanding Different Types of Debts There are many different types of debt. Knowing these…

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  • Becoming Debt Free

    Becoming Debt-Free: Simple Guide to Eliminate Your Debt

    From mindset shifts to practical tactics, you’ll learn how to pave your path to becoming debt-free. Sarah is a hardworking professional in her mid-thirties, juggling a career, family, and the pressures of modern life. However, beneath her seemingly put-together exterior lies a burden eating away at her peace of mind: debt. Sarah’s credit card bills keep piling up, and every…

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  • How to Pay Your Mortgage Faster: 5 Ways

    Are you looking to pay your mortgage faster? Being mortgage-free has its benefit including peace of mind knowing your home is yours. Financial planning might be relatively easy for you, but dealing with the burden of a mortgage can easily turn into a headache. The housing market just by the third quarter of 2020 has seen an increase of 84.5%…

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  • Habits of People Who Never Have Credit Card Debt

    Since most of us aren’t rich, we have to get loans to buy a house, a car or complete an education. And because we often rely on financing to accomplish goals, some people have the attitude that debt–regardless of the type–is a normal part of life. Not only do they acquire loans, but they also rack up a lot of…

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  • Tackle Debt Payoff with these 7 Side Hustles

    2020 reminded everybody of the need for debt payoff, so more and more people are starting a side hustle. Besides health issues, the pandemic has caused a lot of stress because many people lost their jobs or started getting paid less. It’s no longer news that we are dealing with a financial crisis. Global debt levels reached over $272 trillion…

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  • How To Beat Post-Holiday Financial Debt

    Have holiday financial debt? You’re not alone. An American Research Group survey of 1,100 adults between November 17 and November 20, 2020 found that the average person plans to spend about $851 during the 2019 holiday shopping season. Between Thanksgiving and Christmas, consumers give their credit cards and bank accounts a serious beating. Many people feel obligated to buy gifts…

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