Young Money With Tracey Bissett

There are many different ways to get into debt and many factors cause debt to accumulate. Perhaps you find it all too easy to use your debit or credit card to make purchases with money that you have yet to earn. Funding your education is a common source of student debt and payday loans are another example. Debt can also be the result of being coerced into accessing it like in the case of sex trafficking or using your good credit to cosign or guarantee for a loan. You can also acquire debt through no fault of your own such as becoming a victim of fraud, losing your job, getting sick, or going through a divorce.   Today, I share strategies to get out of debt, no matter what got you into it. I discuss how to begin by creating a debt list and a budget to assess the funds you have available each month to repay your debt. I describe three debt repayment strategies that take different approaches, giving you a choice that aligns with your mindset and goals. I highlight when to seek professional help and the types of