Wednesday, September 18, 2013

How to Pay Off Debt: Have a Financial Game Plan

USNews.com featured the story of how Deacon and Kim Hayes got rid of their debt, all thanks to their financial game plan. The couple had a total debt of $52,000 - $18,000 for car loans, $27,000 for student loans and $7,000 for credit card balances. They failed to see that they were already in financial trouble, but after listing the necessary numbers, they realized the need to pay off their debt quickly. Different situations call for different ways on how to pay off debt. The Hayes stuck to simple strategies such as getting a second job and making a lifestyle change to cut down on expenses. After just 18 months, Deacon and Kim are now free from their $52,000 debt. While they still have mortgage to pay off, it's clear that the strategies they came up paid off. While simple strategies help, those who find themselves in deeper financial difficulties could seek help from financial experts like USEFS to create a financial plan that will get rid of debt.

http://usefs.com/industry-news/how-to-pay-off-debt-quickly-through-your-financial-game-plan/

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