What are the best strategies to eliminate debt and what should I do next?
What are the best strategies to eliminate debt and what should I do next?
The best strategies to eliminate debt include the Snowball Method, which focuses on paying off smaller debts first, and the Avalanche Method, which targets high-interest debts. After paying off debts, it's advisable to create an emergency fund, invest in future savings, and maintain a budget to prevent falling back into debt.