5 day Debt Reduction Plan: Pay It Off
By: Mikey Rox - February 08, 2017
You've combed through your budget and you've found extra money to direct toward debt repayment — which means the time has finally arrived to pay it off.
Getting rid of debt isn't only about improving your budget and having the right tools — you also need the right strategy to succeed. Although there isn't necessarily a "best" way to pay off debt, some strategies can get you to the finish line quicker. You need to understand different pay off methods and do what works best for you.
A Simple Debt Repayment Calculator to Try
Debt Repayment Tactics That Work
1. Don't Forget Your Budget
2. Make a Payment Every Two Weeks
3. Redirect Money From "Almost" Impulse Buys
4. Implement a Spending Freeze
5. Automate Your Payments
6. Inquire About a Cheaper Interest Rate
7. Do a Balance Transfer
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.