Financial Experts Reveal The Best and Easiest Ways To Pay Off Your Debt

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Creating a plan to get out of debt is possible but it also requires commitment and changes to your lifestyle. Here are a few tips from experts to get you on the road to financial wellness.

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00:00Creating a plan to get out of debt is possible, but also requires commitment and changes to your lifestyle.

00:06Here are a few tips from experts to get you on the road to financial wellness.

00:11A financial therapist tells HuffPost it's important to start by laying out all of your debts.

00:16Every debt you have should be clear, including minimum payments and interest rates.

00:21Experts tell the site that after that, it's time to decide if you want to take the, quote, snowball or, quote, avalanche approach.

00:28The avalanche method prioritizes paying off debt from highest to lowest interest rate,

00:33and the snowball method prioritized paying debts from the smallest to largest amounts.

00:38U.S. News & World Report suggests you stop using your credit card.

00:42Experts say you should try removing your credit cards from your wallet completely.

00:47CNBC reports that it's okay to ask for help as well,

00:50noting that there are many free resources from nonprofit organizations or even your employer's human resources department.

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