Three Ways to Get Out of Debt

According to the Federal Reserve, in 2019, the average U.S. household owed more than $6,200 in revolving credit card balances.

If you're feeling overwhelmed, know you're not the only one searching how to get out of debt; more importantly, know that it is possible. This video will break down three potential strategies you can use to get out of debt: the avalanche method, the snowball method, and debt consolidation.

Each method has advantages and disadvantages, which you'll have to weigh on your own to determine which method is right for you.

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