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What is the best method to be debt free?
Is the key to spend less, earn more or get more training and education? Personally, I think it has to do with avoiding any trash purchases or using credit cards. What do you think? Is a minimalistic lifestyle the key?

Unfortunately, the space between getting to know your debt is out of hands, control and actually getting out of debt can be wrought with hard and effective work and heartaches. No matter the kind of debt you’re into, paying it off can take years or some months or even decades to get out of debt.

Fortunately, some methodology that exist and can make paying off debt faster and a whole lot less painful. If you’re ready to get out of debt, consider these real methods;

1. Pay more than the minimum payment.

Whether you’re carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. Doing so will not only help you save on interest throughout the life of your loan, but it will also speed up the payoff process. To avoid any headaches, make sure your loan doesn’t charge any prepayment penalties before you get started.

If you need a nudge in this direction, you can enlist the help of some free online and mobile debt repayment tools, too, like Tally, Unbury.Me, or ReadyForZero, all of which can help you chart and track your progress as you pay down balances.

* Try the debt snowball method.

If you’re in the mood to pay more than the minimum monthly payments on your credit cards and other debts, consider using the debt snowball method to speed up the process even more and build momentum.

As a first step, you’ll want to list all of the debts things or items you owe from smallest to largest. Throw all of your excess funds at the smallest balance, while making the minimum payments on all your larger loans. Once the smallest balance is paid off, start putting that extra money toward the next smallest debt until you pay that one off, and so on.

Over time, your small balances should disappear one by one, freeing up more dollars to throw at your larger debts and loans. This “snowball effect” allows you to pay down smaller balances first — logging a few “wins” for the psychological effect — while letting you save the largest loans for last. Ultimately, the goal is snowballing all of your extra dollars toward your debts until they’re demolished — and you’re finally debt-free.

3. Engage yourself in a real hustle.

Attacking your debts with the debt snowball method will speed up the process, but earning more money can amplify your efforts even further. Nearly everyone has a talent or skill they can monetize, whether it’s babysitting, mowing yards, cleaning houses, or becoming a virtual assistant. We all have a skill that can provide substantial income daily, monthly or annually.


think to me the best method to stay debt free is to be contented with what you have and also watch your pocket in other to be capable of getting anything at that particular period.

Always have a budget that have little expense in other not to get out of cash.

You may be persuaded to get a higher stuff in which at the moment you know your not financial stable, you can neglect it in other to stay debt free.


There is no best way to be debt free other than to stay away from borrowing....manage your resources, whatever that can wait should wait,learn to set priorities, differentiate between your needs and wants,then lastly avoid impulse buying....buy things that just can't wait if you have a limited resources.


Just don't buy things you can't afford. Live a more modest (and sustainable) lifestyle. Question your spendthrifty attitudes