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This TikToker with a shopping addiction went viral for paying off $30K credit card debt in one year — offers 5 ‘easy’ tips on tackling debt.
When money's tight and you're swimming in debt, bringing in additional income through extended work hours or a weekend side hustle isn't always an option. If that's the case, cutting some of the
You deserve to celebrate every time you pay off $1,000 or reduce your balance by 25% — but avoid celebrations that create new debt through excessive spending.
Getty Images The first time I heard about someone doing a spending freeze I reacted like any normal, slightly sarcastic, 24-year-old critic would. I muttered, "Yeah, that will end well" and threw ...
Pay High-Interest Debt First If you have multiple kinds of debt, focus on paying off high-interest debt first, such as credit card balances or payday loans, Kovar said.
Using a debt payoff method such as the debt avalanche or debt snowball can help you prioritize paying off higher-interest debt, allowing you to make the maximum impact on paying down your debt.
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Here are three easy strategies you can do today to get started paying off your debt. First, you need a budget to create a monthly surplus. Second, you need to know how much you owe.