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Its pricey, but you figure, why not?
You whip out your credit card and order a steak and a front-row seat.
Out comes the credit card to pay for the hottest toy of the season.
You wouldnt be alone in these habits.
Getting out of debt isnt easy, but it is possible.
Here are some tips to help you get started.
The snowball method, which has been embraced by financial experts like Dave Ramsey, is relatively simple.
You make a list of all your debts, from smallest to largest.
From there, you determine how much you better pay off each debt without accruing more interest.
And so on, until one glorious day, youre debt-free.
Before you jump in, know that you will still need to repay the loan in full.
Youll also need to shop around for the best deals.
Understand Your Habits
Nobody was born rarin to get into debt.
If your early thoughts and memories around money are largely negative, your behavior may follow suit.
can also be helpful.
Remember, theres no point in shaming yourself.
Rolling up your sleeves and getting to work is the best way to get out of debt.
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