It's Day Two of your plan to
tackle debt reduction.
It's Day Three of your plan to
tackle debt reduction.
I myself do use a version of the debt snowball approach to
tackle my debt reduction.
Not exact matches
Whether
debt was a part of the previous relationship or ensues due to a
reduction in household income,
debt as a single parent is yet another stress that is challenging to
tackle.
One effective approach to
debt reduction is to
tackle first the credit card balance that boasts the highest interest rate and then pay off the remaining cards in descending order, rate-wise.
Debt consolidation
reduction High Danger Approvals -
tackles your financial troubles problems!
Unless I get to
tackle them one at a time with a car battery and some alligator clips... But what it does offer is: i) a (v meaningful) solution that's pretty quick & easy to implement, ii) huge flexibility from a political and a financial management perspective, iii) interest savings, and even
debt principal
reductions, for most if not all countries, and iv) best of all, a multi-year window to avoid default, implement deficit
reductions (faint hope) and / or ideally grow into an outstanding
debt burden.
If your chosen area is
debt reduction, go through all of your
debts and figure order them, putting together a
debt avalanche plan to
tackle them one at a time.