Suggest a debt repayment method
Date: Tue, 01/30/2018 - 05:09
I racked up holiday debt, my monthly income is not bad. I want to pay off the debt on my own. Which debt repayment method will be good.
One of the most effective
One of the most effective methods for holiday debt repayment is the snowball method. Start paying off the smallest one. Once it is paid off, target the next smallest debt. Repeat yourself until paying off the whole debt burden once and for all.
As tiarajoseph has suggested,
As tiarajoseph has suggested, try to repay your holiday debt on your own. Apart from debt snowball, debt avalanche is also a good way to repay if you want to save money in the long run.
You can work from this month
You can work from this month to avoid racking up debt in this year's holiday month. Just include a holiday budget category when you plan your monthly budget.