Choosing a Debt Payoff Strategy

MoneyTips

By Tonya Rapley

Debt is killing us! It’s one of the main reasons I started a community movement to #BanishTheBalance. Over 60 incredible days, more than 4,000 participants paid off more than $200,000 worth of debt. The success of the movement led to a free e-course (you can sign up here) and is open to everyone who is looking to eliminate their debt with the help of a supportive community.

Even if you aren’t going to join the community, paying off debt is vital to both your financial and mental wellness. But when you look at those bills, you’re not quite sure where to begin. Relax. You are not alone. Many people have faced debt head on and chopped it down to size – but it takes a strategy to succeed, along with some patience.

There are several approaches you can take, depending on your financial situation and personality traits. Here is one popu…

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