Develop A Debt Reduction Strategy

Don't forget to develop a debt reduction strategy while you are getting your finances in orderWe are rocking and rolling our November in order to set ourselves up for our best financial year in 2018! Today I want us to take our 20 minutes to develop a debt reduction strategy.

Now that you have figured out how to spend less than you earn, you may be wondering what to do with that extra money you are saving. I would suggest paying off any lingering debt. There are a couple of ways you can do this.¬† You can start with the debt’s that charge the highest interest rates. This is normally your credit card bills.

Set target dates for when you want each debt to be paid. Don’t be too ambitious or you will set yourself up for failure.

Below, I have attached a live stream masterclass that I held earlier this year. It has some great strategies for you to reduce your debt and start saving. Be sure to take a look at it and let me know what you think in the comments.

This is day 5 so we have two more days in this series. Come back tomorrow when we will establish a savings plan.

 

Death To Debt Masterclass

Simple debt reduction strategies for do-it-yourself debt reduction

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