Debt-free in the New Year? Steps to Get Out of Debt Faster
Posted On: November 7, 2023 by Farmers Trust & Savings Bank in: Budgeting
If you’re one of the millions of Americans who added “be debt-free” to their New Year’s resolutions, check out these simple steps to help you get out of debt as quickly as possible.
List your debts and interest rates. It’s time to be honest with yourself. Write down all your loan balances and their interest rates, which should be listed on each statement, in order of rate from highest to lowest. Focus on the highest rate debt. The highest rate is...
