Educational Article
Strategies to Pay Off Debt
Getting out of debt is a lot easier if you have a game plan.
You Can Get That Debt Under Control
Thinking about debt can feel stressful and overwhelming. But it does not have to be that way. It is possible for you and your family to get out, and stay out, of debt. Here’s a six-step process that might help:
- Change behaviors that add to your debt
- Build a $1,000 safety net so you can avoid taking on additional debt to cover financial emergencies
- Understand the details of your current debt so you know how to attack it
- Review your spending to understand where your money is going
- Adjust your spending to free up dollars to pay down your debt
- Implement a repayment strategy
Be a Debt Destroyer®
Get more information about each of the steps above in our Guide.