Dealing With Debt Doesn’t Have to Be Miserable

When you’re behind the curve on your debts, it can feel suffocating. Many people have noted that the sensation of being unable to make meaningful headway on your debt can feel similar to drowning. However, this process doesn’t have to be miserable. With some savvy money moves and the right attitude, you can reclaim your financial future and put your debts behind you.

Get Aggressive About Clearing Debt

The first thing you need to do is make a list of your debts, ranging from highest interest rate to lowest. This will help you figure out which one needs the most attention. Once you’ve found the highest- interest debt you have, it’s time to be aggressive. Any extra money you come across that isn’t set aside for necessities should be funneled into paying that debt off.

This process might be painful at first, as it’s tough to take your hard-earned money and just funnel it into paying back a loan. However, this is critical for reclaiming your financial future. When you get extra cash, pay it into the debt. Make it your goal to get that debt to zero. The sooner it’s gone, the sooner you free up even more of your money.

Snowball Effect

Once your highest-interest debt is zeroed out, you’re home-free, right? Well, now there’s another highest-interest loan on that list you made. So, take all the extra money you’re saving from the debt you just zeroed, as well as any extra funds you can spare, and start funneling that money into your next debt. You can see how this is going to go.

As you gradually chip away at each of these debts, one at a time, while making minimum payments on the others, you’ll see actual progress. You’ll watch your gnarliest debts become distant memories as you effectively put them behind you through this snowball method.


With each one you zero, you free up more money to tackle the next debt. It’s a freeing feeling, knowing you’re back in control of your finances and you’re rolling with your momentum. Once that debt is all behind you, you’ll have more money than you know what to do with. But don’t stop there! Now it’s time to get interest rolling the other way.

Put all that extra cash into a retirement account and start saving up interest that works for you. Before you know it, you’ll have amassed a great retirement savings and regained control of your own financial future.

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