Debt is the biggest obstacle between most people and financial freedom. But it is beatable.
Step 1: Know Exactly What You Owe
List every debt, balance, interest rate, and minimum payment. You cannot fight what you cannot see.
The Avalanche Method
Pay minimums on all debts. Put every extra dollar toward the highest interest rate first. This saves the most money.
The Snowball Method
Pay minimums on all debts. Attack the smallest balance first. This builds momentum.
Increase Your Income
Cutting expenses has a floor. Income has no ceiling. Every extra dollar toward debt shortens your timeline.