Get out of debt

No matter how much debt you owe or are working to reduce it, reaching debt freedom is possible. Select will guide you through each step to calculate your total debt, select an effective debt repayment method and build a budget to help achieve your goals. Establishing a budget is essential to meeting financial goals, including […]

As there are various methods available for getting out of debt, such as creating a budget and cutting expenses; using the debt snowball method; or saving money by eating at home more and limiting unnecessary purchases, there are various strategies for taking action against debt. Use any financial windfalls such as tax refunds and work […]

Debt can only be eliminated through sacrifice; and that means spending only what you have available to you. But this may be difficult when living beyond your means is something you’ve grown accustomed to doing. One option for dealing with debt is using the debt snowball method. This involves listing all your debts from smallest […]

Paying down debt can be a monumental step toward financial independence. Though difficult, it is manageable and will require lifestyle changes – an effort well worth making! Before taking any other steps, the first thing you must do is to assess your expenses. Calculate how much money you are spending each month and subtract this […]

If you want to reduce credit card debt, cutting back on extras and sticking with your budget are keys to doing so. This may involve cutting spending such as eating out, entertainment or subscription services you don’t use regularly as examples of unnecessary spending. Utilize popular debt payoff strategies like the debt snowball or debt […]

If your car loan is straining your budget every month, it might be wise to find ways out. Refinancing to another lender with more favorable terms or selling off the car might be necessary to alleviate its strains. Consider voluntary repossession as another option, though this will have a severe negative impact on your credit […]