Conquer Your Debt: 10 Proven Strategies for Financial Mastery

The Indianapolis Recorder’s Smart Money Week showcases Everwise Credit Union, which presents vital techniques for debt reduction. Conquering debt is essential for financial stability, allowing investment in future goals. By cutting interest costs, you regain financial autonomy. Here are ten practical strategies to initiate your path to freedom: 1. Establish a budget. 2. Categorize your debts. 3. Reduce unnecessary spending and increase income. 4. Select a repayment approach. 5. Negotiate with lenders. 6. Explore consolidation or balance transfers. 7. Steer clear of settlement services. 8. Build emergency savings and refrain from accruing new debt. 9. Monitor your progress. 10. Acknowledge minor achievements. With resolve and dedication, financial liberation is within reach. Catrina Tate, Vice President of Retail at Everwise Credit Union, leverages over two decades of banking and community involvement expertise.