Debt stress not only cripples your finances but also your health stress can lead to chronic pain and illness before your stress becomes too much to handle get ahold of your finances and go debt free your 7 step guide to becoming debt free there are steps you can take to pay down your major financial obligations and start to live debt free. Generally credit card debt car payments mortgage and student loans make up the majority of outstanding debt that most people struggle with add up these debts and any other types of debt that youve incurred get a number on the table and face it 2 prioritize your highest interest debts once youve got the raw data its important to look a little closer which loans have the highest . How to get out of debt in 2020 7 strategies that work you can become debt free and heres how learn how to boost your credit score while paying down student loan debt car loans and high . This will help you become debt free sooner list your debts in order from the highest interest rate to the lowest make the minimum payments on all your debts then use any extra money to pay down the debt with the highest interest rate. My debt free life started late in my adult life after buckling down for about seven years my wife and i were able to pay off our home mortgage vehicle loans credit card debt recover from a prior forclosure and set us up to retire with over a million dollars in my employer sponsored retirement fundwe did this by hitting rock bottom by living a normal life and realized we were tired
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