A Simple Plan of Attack for Tackling Your Debt

tackling your debtAccording to TransUnion, the average credit card debt is close to $5,000 which makes it no surprise that paying off debts is one of the most popular New Year’s resolution.

If your goal is to pay off debt and start living a more balanced financial life this year, this video is for you!

You’ll learn how to create a simple plan of attack, to give yourself a fighting chance of reaching your debt-freedom goal!

The video lists a simple plan of attack for getting your debts under control.

1. Make a list of all your debts

2. Pick a single debt to target

3. Start the snowball process

4. Cut expenses to find extra money

The bottom line is, to really destroy you debt you’ve got to create a plan, take action and stay motivated to get your debts paid off. If you can’t find the money, do some research and read the other debt stories from all the Debt Movement members.

 

About the Author:

Stacy Johnson is the founder of Money Talks News, a site dedicated to helping you improve your financial life. His philosophy is simple: ”as you go through life, you have the opportunity to either look rich or be rich. But you probably won’t live long enough to accomplish both. So make a decision. If you want to look rich, you don’t need me. Just do what the commercials tell you. If you want to be rich, however, I can help.”