Reduce Debt

Living debt free means having complete control of your money. We call this "Freedom Money". Get to "Freedom Money" quicker by paying off high interest debt first.

Cut up your credit cards (or put them somewhere out of sight)

Find out if you're addicted to credit View resource

Call your credit card companies and ask for lower rates

Use this phone script to negotiate lower interest rates/fees View resource

Log your calls to creditors View resource

Confirm agreement using this letter template View resource

Make a list of all debts, highest to lowest rates

Use the Debt Inventory Worksheet to manage your debts View resource

Consider a 401(k) Loan, Home Equity Line of Credit, low balance credit card transfer, or peer-to-peer loans

View this video on when to consider a 401(k) loan

View resource

Read about the pros and cons of alternative options View resource

Calculate your savings

Use the Debt Blaster to see how much you can save with the right debt strategy View resource

Funnel extra cash toward extra payments

Read Mostly Painless Ways to Save Money View resource

Build an emergency fund

Follow these steps View resource

Find extra cash to stash using this calculator View resource

Use the Acorns app View resource

Author's Videos

What Isn't My Financial Advisor Telling Me

Why I Started Financial Finesse

Reduce Debt

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