Most people have found themselves dealing with too much debt as some time in their lives. Others live in perpetual debt. It isn't a good feeling when those debt payments seem endless. This three-part series will give you some ideas on how to get out of debt, and stay out of debt. Key takeaways:
- Start an emergency fund so that emergencies don't catch you by surprise
- List out your debts and pay off the smallest one first while paying the minimums on other debt
- Once you pay off the smallest debt, take that payment and apply it to the next debt
- Determine how much you can pay towards debt per month and stick with it
