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This can be credit cards, student loans, mortgages or any other kind of money owed.
The good news is that there are ways to manage or even eliminate your debt.
Well-known financial guru Dave Ramsey is known for educating people about finances and debt.
Heres some of his best debtadvice to help you start 2025 right.
One of Ramseys top methods to manage those debts is thedebt snowball method.
Heres how it works.
Here are some of the top methods Ramseysuggestedsteering clear of.
You could easily fall into a debt trap where youll owe far more than you should.
On an episode ofThe Ramsey Show, a caller shared their familys debt struggles.
Ramsey called the couples situation devastating and a huge mistake.
He went on to say that the wife likely paid twice as much for her education as she shouldve.
This advice can apply to nearly anyone.
If youre debt-free going into 2025, you deserve to take a moment to celebrate that feeling.
But once youve done that, focus on your other long-term goals like retirement or even charitable giving.
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