How to pay off debt strategically / Financial literacy / Lesson 5

We break down smart debt repayment strategies to help you become debt-free efficiently. You'll also learn about the difference between the Debt Snowball and Debt Avalanche methods.

00:00 Intro
00:11 Why debt repayment strategy matters
00:31 Step 1: Assess your debt
00:48 Step 2: Choose a debt repayment strategy
01:36 Step 3: Cut expenses and boost income
02:05 Step 4: Automate payments and avoid new debt
02:31 Step 5: Celebrate small wins
02:50 Final thoughts

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#financialliteracy #debtfreejourney #debtmanagement