How to Start Reducing Your Debt
Monday, October 20th, 2008
In the world of financial fitness, getting out of debt is perhaps the ultimate challenge—a marathon of money management requiring discipline, skill, and endurance. But just like getting in shape physically, the rewards—more money, less stress, and great financial habits—are tremendous.
If you don’t owe a lot of money, you may want to go for the fast burn and just get rid of your bills as quickly as you can. But if you’re like most people, and owe a bundle, you’re going to have to dig your way out the slow and steady way. If you try to go at it too fast and too hard, you’ll burn out long before the bills are retired.