Finance OS: Paying Off Expensive Debt
The Meaningful Money Personal Finance Podcast
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How to Get Out of Debt
There are two methods of getting out of debt. The first is called the debt snowball, made popular by Dave Ramsey. Determine in your budget how much you are going to set aside to pay off debt. If you can reduce your interest rates, you're going to pay less interest - which means more of the money you're throwing at your debt will actually reduce the amount outstanding.
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