If you’re juggling multiple debts, consolidation and extra income streams can help simplify and speed up repayment.
1. Debt Consolidation: Streamline Payments
Balance Transfer Cards: Move high-interest credit card debt to a 0% APR card (e.g., Citi Simplicity® Card) to save on interest
Personal Loans: Combine debts into one fixed-rate loan (e.g., LightStream or Happy Money)
Caution: Requires good credit, and fees may apply.
2. Boost Income with Side Hustles
Freelancing, gig work (Uber, dog walking), or selling unused items can free up cash for debt
Even small increases in payments (e.g.,
20–50 more per month) compound over time
For inspiration on financial resilience, read The Art of Financial Freedom here.
No comments:
Post a Comment