Getting out of debt isn't just about math; it's about behavior. To succeed, you need a plan that you can realistically follow for the long term.
Step 1: Stop the Bleeding
You cannot get out of a hole while you're still digging. Commit to not using credit cards while you are in the payoff phase.
Step 2: Build a Small Buffer
Before you attack debt aggressively, save $1,000 for emergencies. This prevents you from reaching for a credit card the next time your car needs a repair.
Step 3: Choose Your Strategy
Decide between the Debt Snowball (lowest balance first) or the Debt Avalanche (highest interest first).
Step 4: Automate Everything
Set up automatic payments for at least the minimum on every debt, and automate the "extra" payment to your target account.
Get a complete, month-by-month payoff plan with our Debt Payoff Calculator.
Disclaimer: This article is for educational purposes only and does not constitute financial, legal, or medical advice. Consult a qualified professional for guidance specific to your situation.