So far this month, you’ve gotten clear about the type you have and what you owe, you’ve written it a letter to let go of your emotions about it—and now it’s time to take action.
There are many debt reduction strategies out there, but in this week’s Financially Wise Living episode, I’m sharing two that are tried and true. You can pay off the debt with the highest interest rate first, then move on to the one with the next-highest interest rate until you’re done; or—if you want some instant gratification—start with the one with the lowest balance, then move on to the debt with the highest interest rate.
Of course, if you’d like to talk more about the best debt-reduction strategy for you—or get a plan in place as you start out on your financial journey—please don’t hesitate to reach out. And be sure to check out all of our amazing financial tips at financiallywisewomen.com, too!
Love and success,
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.