Debt Reduction Hacks

There are so many great and perhaps not so great reads about how to reduce debt. I have read the whole gambit and have pulled 9 of what I feel are the most helpful tips. Most of what I’ve pulled is from good ‘ole Dave Ramsey.

  1. Always have a $1,000 emergency fund.
  2. Budget savings for the irregular. ($2,000 a month).
  3. Reduce unnecessary expenses.
  4. Always find ways to increase your income.
  5. Debt snowball / Savings tracks for wants
  6. 6 months savings ($60,000)
  7. Retirement funds ($11,000)
  8. College fund ($10,000 a year)
  9. Pay down mortgage(s)