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Contents

  • Understanding Your Debt Situation
    • Creating an Effective Budget
      • Essential Components
      • Popular Debt Repayment Strategies
        • The Avalanche Method
          • The Snowball Method
          • Increasing Income
            • Side Hustles
              • Workplace Options
              • Reducing Expenses
                • Quick Wins
                  • Larger Savings
                  • Professional Help and Debt Consolidation
                    • Monitor Your Credit
                      • Avoiding Common Pitfalls
                        • Don'ts
                          • Dos

                          Effective Strategies to Get Out of Debt Quickly

                          contributorcontributorcontributor
                          2.7 minute read
                          FinancePersonal DevelopmentLifestyleCareer AdviceBusiness
                          A determined individual climbing a mountain of credit card bills, symbolizing the journey to financial freedom.
                          Published January 19, 2025
                          Last Updated May 30, 2025
                          contributorcontributorcontributor
                          2.7 minute read

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