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Debt Payoff
Pay off debt with a real plan, not just minimum payments.
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Go to Paychecks →Lessons in this course
1. Why minimum payments keep you in debt longer than you think
Minimum payments are calculated to keep you paying for a long time -- that's not an accident.
2. Debt snowball vs. debt avalanche: which one fits you
Both strategies work. The one that gets finished is the one that fits how you actually stay motivated.
3. Calculating your real debt-free date
"I'll be debt-free eventually" isn't a plan. A specific date, recalculated as you go, is.
4. Finding extra money to put toward principal
You don't need a windfall to make real progress -- consistent small amounts beat occasional large ones.
5. Staying out of debt once you're out
The habits that get you out of debt and the habits that keep you out are related, but not identical.