Tired of debt? This week, we’re featuring our top 10 favorite articles on reducing debt. Cleaning up your finances can help you get your life back on track, so let’s get those credit cards paid.
1. 6 ways to pay off credit card debt – Bankrate.com is a reputable company known for its wise financial advice. This article feature 6 great tips including the snowball method by Dave Ramsey, popular balance transfers to pay off credit cards and other advice. Read their article on their financial site.
2. The best advice on any topic, including paying off credit card debt, has to be from LifeHacker. This site is one of my favorites, since it has the best tips on everything you can possibly imagine. This helpful article is written by a young lady who paid off $100,000 in debt.
3. Forbes has an interesting spin with their advice when they say not to pay off the credit cards right away. Say what? If you’re drowning in debt like the rest of us, you’ll definitely want to read this interesting article. Although I do have to say that I’m not sure this is the best financial advice that I have ever heard.
4. Money guru Kiplinger says that we can pay off our credit card debt in a year. While I will give it to them that they have some great advice on paying down the bills, I think that a year is a little too optimistic. They have advice on how to plan your payments to how to figure out balance transfers (which really work for me).
5. Learn about living a debt-free life from U.S. News and World Report. This is an honest way to change your way of living instead of going on a debt diet. There’s some pretty good advice in this article from tips to lowering your interest rate to how to figure out which debt to pay first. They say they are easy steps for paying off debt, but again, it’s never easy, is it?
6. Are you planning to pay off your credit card by borrowing from your 401K? Let’s face it, we’ve all thought about it. But Money Magazine says it’s not a good idea to use your retirement money to pay off debt.
7. Finally, remember the Queen of Finance, Suze Orman, who offers some really great advice on paying down debt and credit cards. She offers a great summary on her website that offers top to bottom financial advice.