Funadvice Logo
+ List
More Finance, Jobs & Money Questions

Tips on reducing debt

Hello, I know that I spend too much money, and I can’t seem to pay off my debt fast enough or keep up with it all. Any tips you have on reducing debt? Thanks!

Become an Expert →
Answer #1

There are a few quick & easy ways to reduce your overall debt:

  1. Pay more than the minimum balance very month! This might sound cliche, but this strategy really works. Especially with high interest credit cards, if you pay more than the minimum, your debt will disappear that much faster.

  2. Itemize your expenses & save your receipts. If you really want to get a solid understanding of where your money is going every month, save your receipts & catalogue your expenses. If you know where every dollar goes, you’ll have the best shot at cutting costs on extras that you can live without.

  3. Use additional websites such as: http://www.consumer.gov/ http://zapyourcreditcarddebt.blogspot.com/ and http://debtconsolidationinfo.blogware.com/

Answer #2

PAY EXTRA AND CALL THE PLACES AND TRY TO LOWER INTREST RATES

More Like This
Ask an advisor one-on-one!
Advisor

Best Debt Consolidation Compa...

Financial Services, Personal Loans, Debt Relief

Advisor

Free Debt Reviews

Debt Relief Services, Financial Services, Credit Counseling

Advisor

SA Debt Review

Debt Review, Financial Services, Credit Counseling

Advisor

National Debt Counsellors

Financial Services, Debt Counselling, Personal Finance

Advisor

Govt Debt Relief

Government Services, Financial Assistance, Debt Relief