If your New Year’s Resolution this year is to finally get a hold on your debt, you can make this your year of living a balanced financial life. Find all your bills, everything documenting what you owe, and get it all in one place. List your debts and minimum payments, and set your sights on one to focus on – either one with the highest interest rate or with the smallest balance. Pay the minimum on your other debts and as much as possible on your focus debt. Destroy one debt and move on to the next while cutting expenses and you will be on your way to being debt-free.
Read the entire article here: The Debt Destroyer Method: Tackling Your Debts One By One
Powered by Qumana
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.