If your finances are a bit out of control, there are many things you can do to gain back stability. Paying off debt is an essential part of getting your financial life in order.
Paying off debt is an essential part of getting your financial life together, so don’t let a decrease in credit score deter you or stop you in your tracks.
The money that you have been earmarking for debt all this time is now able to be allocated elsewhere. While this can be tempting, don’t fall for lifestyle creep!
When you’re paying off debt, you need to go about it the right way. That involves thinking about how your debt payoff strategy will affect your total cost of debt.