10 tips to get your debt paid off ASAP
1. List debts by interest rate
Sometimes we may just want to stash those bills away and never look at them — but the one big key to paying off your debt is knowing where you are. Take out all of your bills and list your debts from smallest to largest.
Then, list them in order from highest interest rate to smallest interest rate. Since the one with the highest interest rate is costing you the most money, that’s the one you want to pay off first.
Once you have the totals listed out, and the interest rate on each, you’ll know exactly what you’re up against before you start to tackle the highest interest rate debt.