Reported about 2 months ago
Over 77% of American households carry debt, prompting financial coach Bernadette Joy to share her 3-part budget strategy on Wealth!. She divides her budget into 'strive', 'revive', and 'survive', suggesting that half of the budget cater to necessities, with the other half split between enjoyable spending and debt repayment. Joy emphasizes viewing all debt as equal and recommends the 'debt snowball' method, where individuals pay off their smallest debts first.
Source: YAHOO