How to Get Out of Debt Before Retirement


Use the debt snowball strategy

The debt snowball is a proven strategy that can help you reduce your debt burden fast. First, make a list of your debts, from the smallest to the largest. Allocate as much money as you can toward the smallest debt and try to pay it off while making minimum payments on all other debts. Once the smallest debt is fully paid off, move on to the next one. Keep repeating it until all your debts are completely paid off.