Join our #CreditChat every Wednesday at 3 p.m. ET on Twitter and YouTube. In this week's chat with @Payoff and @LeslieHTayneEsq, we talked about ways to eliminate debt. This deck features highlights from our chat with tips from: @LeslieHTayneEsq, @Payoff, @MoneyCrashers, @WelshKristy, @Finovera, @Emergebenefit, @Rod_Griffin, @AmericaSaves, @XYPlanning and @DadisCheap

1. #CreditChat
Wednesdays | 3 p.m. ET
Strategies for Paying Down (And Eliminating) Debt
#CreditChat
Wednesday | 3 p.m. ET
Featuring: @Payoff and @LeslieHTayneEsq

2. Join our #CreditChat every Wednesday at 3 p.m. ET. This week,
we talked about ways to eliminate debt .
“ Check Out All the Tweets and Resources:
ex.pn/cut-debt

3. When it comes to debt,
ignorance is not bliss.
via @AmericaSaves
#CreditChat

4. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
Why is it easy to fall into debt?

5. Debt, unfortunately, is the only way for most people to
acquire the things they need in life.
Tweet by @LeslieHTayneEsq
#CreditChat

6. Tweet by @Payoff
or if you don’t have a saving/spending plan.
It’s easy to fall into debt when you spend more than you make
#CreditChat

7. Unexpected costs drive people into debt when they don’t
have an emergency fund.
Tweet by @MoneyCrashers
#CreditChat

8. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What mistakes do people make when trying
to pay off debt?

9. Dipping into their savings to pay off their debt. This is a
HUGE no-no. Your 401(k) is NOT an ATM.
Tweet by @LeslieHTayneEsq
#CreditChat

10. The biggest mistake is to not pay down the credit card with
the highest interest rate first.
Tweet by @WelshKristy
#CreditChat

11. Paying the bare minimum - consumers should at least try
to pay double the minimum payment.
Tweet by @Finovera
#CreditChat

12. Ignoring your debt won’t make it go away.
Tackle it head-on with a realistic action plan.
via @Emergebenefit
#CreditChat

13. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What type of debt should we focus on
first?

14. Pay off high interest debt first to save time and money on interest.
Tweet by @Payoff
#CreditChat

15. If you’re struggling to pay, prioritize secured debts (mortgages
or auto loans) so the property can’t be repossessed.
Tweet by @Emergebenefit
#CreditChat

16. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What are ways to deal with credit card debt? Any
ways to pay off quickly?

17. Stick to the basics! Create a mini-repayment plan, make your
payments on time, and STOP USING THE CARD while paying it off!
Tweet by @LeslieHTayneEsq
#CreditChat

18. Sometimes there is no quick payoff. It takes time to get into
debt and takes time to get out of debt.
Tweet by @Rod_Griffin
#CreditChat

19. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
What are ways to stay motivated and on track
to pay off debt?

20. Visualize the end goal: Becoming financially free and developing
a better understanding of your lifelong relationship with money.
Tweet by @Payoff
#CreditChat

21. Make your goal visible! Put it somewhere you’re going to
encounter it over and over- password, note on the fridge, etc.
#CreditChat
Tweet by @AmericaSaves

22. Just keep reminding yourself about how you’ll feel with no
payments. Also, be sure to budget fun money too.
Tweet by @DadisCheap
#CreditChat

23. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
When should someone seek help with debt?
Who should they talk with?

24. If you find yourself unable to break bad financial habits,
it might be time to speak with a professional.
Tweet by @LeslieHTayneEsq
#CreditChat

25. Personal finance blogs and podcasts are actually great
sources of information and inspiration.
Tweet by @XYPlanning
#CreditChat

26. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
Should we be more focused on paying down
debt or saving money?

27. Do both. NO question. Building a savings, however small it
might be at first, can mean not getting into debt again!
Tweet by @AmericaSaves
#CreditChat

28. When you pay down debt, you’ll ultimately save money that you
would have been spending on interest charges and fees.
Tweet by @Payoff
#CreditChat

29. #CreditChat
Wednesdays | 3 p.m. ET
#CreditChat
Wednesdays | 3 p.m. ET
Any final tips for those struggling with debt?

30. Understand that you’re not alone. People from all walks
of life struggle with debt. Don’t be ashamed.
Tweet by @LeslieHTayneEsq
#CreditChat

31. Your debt does not control you -- it’s the other way around
You WILL make it through!
Tweet by @Emergebenefit
#CreditChat

32. #CreditChat
Wednesdays | 3 p.m. ET
Check out all the resources and tips shared:
ex.pn/cut-debt

33. #CreditChat
Wednesdays | 3 p.m. ET
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