Ditch Your Debt

Reducing debt requires changing spending habits, learning how to budget effectively, keeping track of expenses and prioritizing debts – an unenviable task indeed; yet millions have managed to conquer their debt successfully. One way to quickly get out of debt is to stop using credit cards in favor of cash or a debit card. Another […]

Credit cards typically carry high interest rates that can quickly put you into debt, while carrying a balance can decrease your utilization rate and potentially impact your score. Thank goodness, there is hope: it is possible to overcome credit card debt through several straightforward strategies – including cutting spending, making payments over and above minimum, […]

Many individuals want to quickly get out of debt, but don’t know where to begin. Here are some proven strategies that will get them on their way. Consider parking your second car and switching to transit, walking, or carpooling instead to save thousands each year. Also look into stockpiling groceries when they go on sale […]

No matter how you track your debts – by yourself or through a debt relief program – knowing which debts you owe is essential in creating an effective strategy to pay them off (debt avalanche or snowball), avoid debt collector scams and protect your credit score. Credit Reports A credit report is a summary of […]

Escaping debt won’t come easy – you must adapt your spending habits, keep track of expenses and devise a debt payoff plan to achieve success. An emergency fund is also a wise move and can help avoid turning to credit cards when times get difficult. Here are some suggestions on how you can start saving:. […]

Gaining freedom from debt may not be simple, but with hard work and the proper plan in place it’s entirely achievable. Prioritise your bills and debts, then determine how much extra can be put towards paying down those debts each month using the debt snowball method. 1. Make a Budget An important step toward debt-free […]