5 Methods to Pay Off Debt Fast (Start TODAY)

This is how to pay off debt starting today. That’s right, TODAY! Your high-interest debt is eating you alive with pricey interest payments. But you’ve tried everything! How do you get out of debt once and for all and climb yourself out of the quicksand that is credit card debt, auto loans, or other budget-busting liabilities? We’re walking through five methods anyone can use to get out of debt faster, starting NOW!
First, we're getting into the two debt payoff methods almost everyone in the personal finance community has heard of: the debt snowball method and the debt avalanche method. Depending on your debt, one of these may work better than the other for you, but BOTH will get you out of debt faster than you think! But what about some more creative methods to get debt-free?
There are also three options that ONLY the financially savvy should be getting themselves into. These methods can help stop your high-interest debt headaches IMMEDIATELY, but come with some side effects that CANNOT be overlooked! Get these right, and your debt payoff journey will be quickly over, but get them wrong, and you could end up worse off than in the beginning. Regardless, if you’ve got debt, you’re in the right place!
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00:00 How to Pay Off High-Interest Debt!
01:55 Analyze and Organize Your Debt
02:38 he Debt Avalanche Method
04:33 The Debt Snowball Method
06:40 Tip: Treat Your Debt Like a Bill!
07:33 Creative Ways to Pay Off Debt
08:17 1. Debt Consolidation Loans
09:17 2. Balance Transfers
11:21 3. Borrow From Your 401(k)

[@jillyanmacmorris5176]

If you get a 0% credit card promotional credit card but still have debt on cards with high APRs. Should you go after those with high APRs during the period you have 0% on the new one? Or pay down the new one before APR kicks in?

[@jennifern5945]

I wonder the same thing!!

[@chrisakafrench]

Both methods are doable. Depends on your personality.