Reported 28 days ago
To effectively pay off debt, individuals should first perform a self-audit, understand their total outstanding debt, review spending habits, create a structured budget, and choose a repayment strategy. Popular methods include the debt avalanche and snowball strategies, as well as debt consolidation. The process requires commitment and patience, and it is beneficial to seek resources and maintain motivation throughout the journey, as achieving financial independence can alleviate stress and enhance overall well-being.
Source: YAHOO