Course 2310 lessons

Debt payoff strategies

A practical guide to getting out of debt on purpose: building a full debt inventory, choosing between the snowball and avalanche methods, lowering your rates, negotiating with creditors, and staying motivated until every balance hits zero.

Listing your debts — the inventory step everyone skips

Most people who decide to get serious about paying off debt jump straight to picking a strategy, like which method sounds fastest or feels the most motivating. They skip the one step that actually makes any strategy work: writing down, in one place, every single debt they owe.