How To Dig Out of Debt as Fast As Possible

It’s easy to get into debt, but difficult to get out of it. Trying to get out of debt will push you to your physical and mental limit. That’s how stressful and exhausting it can be. However, everything will be worth it once you do get out of debt.

Since it is already mentioned that getting out of debt would be tough, it would also be tough to keep yourself motivated. NPR gives six tips on how to keep yourself motivated. Here is one of them:

Set a goal, and make it specific.
[This] was the right strategy, says Ayelet Fishbach, professor of behavioral science at the University of Chicago.
"What psychologists discovered is that when you set the goal of saving X amount of money, you're more likely to do it than when you say, 'I will just save as much as possible.' "

Check out the other tips over at the site.

What are your thoughts on this one? Are the tips helpful?

(Image Credit: stevepb/ Pixabay)


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