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Reducing your debt

Article body copy As it turns out, many people carry some kind of debt. We talked about the different kinds of debt in a previous article looking at your Net Worth. . Now, we’re going to discuss options for reducing it. If you don’t have debt, this will be interesting, but not so relevant. If you do have debt, and most of us do, this is a basic overview. As always, we recommend reaching out to credible financial planning resources like licensed professionals or non-profit credit counselors for a full scope of professional support.

Debt

Current Balance

Interest Rate

Min Monthly Payment

Credit card

$500

13%

$15