00:03Got debt? Small or large, no matter how much you have, debt is like a gray cloud that prevents you
00:09from financially moving forward. So here are four proven ways to help you chip away at debt
00:14right now. Just cut up your credit cards and stop using them. Even if the balance is small,
00:19the more you swipe, the more your balance will grow, which means more interest. And instead of
00:25trying to pay off everything at once, experts say to tackle your high interest debt first. Get rid
00:30of the debt that is costing you more and more by the day. If you just have loads of debt,
00:36bank rates
00:36suggest transferring your debt to a car that has 0% APR. Most cars have up to 21 months no
00:43interest,
00:44allowing you to pay off debt without paying extra interest every month. Or try the windfall method.
00:49This is when you use a big chunk of money, like from a tax return or a bonus, and use
00:54it all
00:54or a portion towards decreasing your debt. The fact is that paying off debt isn't fun,
01:00but using these four tips will surely get you closer to financial freedom.
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