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Here's a question we get often:
We know it feels like a long road ahead and that it's hard to see the light at the end of the tunnel. Besides rewarding yourself for wins along the way to stay motivated, here are our preferred ways of actually reducing the time you spend paying off debt.
Choose whether you want to take the snowball (lowest balances) or avalanche (highest interest cards) method to pay off debt. The first may keep you more motivated, while the second will save you more in interest
If you pay every time your paycheck comes in, you can make quicker steps towards your goal
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It will reduce your interest burden and thus your time to pay off. See How to Pay Less Interest below for more details.
See our list of spending reduction methods here.
The Debbie app rewards you for meeting your monthly debt payoff and savings goals, along with giving you money psychology tools. You can use that cash to pay off your debt faster! Sign up here.
Debbie is an app that uses behavioral psychology and prizes to help you pay off debt for good. The app rewards you for paying off debt with lower interest rates on your current credit, as well as cash. Start our free money psychology course today to get qualified. Start Now →
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