Slow & Steady: Tackling Debt in a Manageable Way

Let’s be honest: In this day and age, it’s all too easy to rack up debt—no matter your income level. Most consumers receive credit card offers in the mail regularly, each one promising a tempting perk, reward or interest rate. Unexpected circumstances can crop up at any time, from a broken-down vehicle to a medical emergency. Education tends to be expensive, as does the cost of living in many cities.

If you’re currently struggling with debt, you’re far from alone. According to NerdWallet, the average household with credit card debt has a balance of $15,482. The average household with any kind of debt owes $134,058. Furthermore, these numbers are on the rise year over year.

But there’s good news, too. Carrying debt, even a significant balance, doesn’t have to be a death sentence for your financial health. As they say, slow and steady wins the race. Here are three tips for tackling debt in a manageable way.

 Tip #1: Don’t Expect Debt Relief Overnight

Most debt builds up over a period of time thanks to interest. So, it only makes sense to allow yourself time to pay off your outstanding balances. Tackling significant debt typically takes months or even years—but the end result is well worth the commitment.

Various debt relief solutions have different timelines. A debt settlement program like Freedom Debt Relief typically takes 24 to 48 months to complete. Why? Because enrollees must save up enough money in a dedicated account before trained negotiators can reach out to creditors on their behalf and attempt to reach a settlement lower than the original balance. The end result can be a lower total balance, lower interest rates and fewer fees, but it takes time for consumers to amass a sum with which to negotiate.

Another option for debt relief, consolidation, involves taking out a single loan to pay off multiple higher-interest debts. While this can make debt more manageable by lowering the interest rate and consolidating various payments into a simpler one, you’ll still have to repay the full amount of money you owe as a loan. As you’d imagine, this can also take months or years to complete.

 Tip #2: Strategize for the Short and Long Terms

True financial health results from a combination of short-term actions and long-term goals. Instead of getting overwhelmed by the big picture, think about what you can do in the present to progress your journey toward becoming debt-free.

The most basic way to free up more money for paying down debts is to budget thoroughly up front. This practice helps consumers keep track of their income versus expenditures, so they can see where their money is going. This serves as the first step toward making positive lifestyle adjustments.

Once you’ve streamlined your spending habits and freed up extra money to devote to debt repayment, it’s time to prioritize. Which debt should you tackle first? Compile the following information about each debt:


  • Amount owed
  • Minimum payment due
  • Interest rate/APR
  • Due date for payment

From there, you can create a game plan. Many consumers tackle debt by interest rate, prioritizing the highest and moving toward the lowest. Others find success starting with the most manageable and working their way upward.

 Tip #3: Work on Building Sustainable Money Habits

Debt is sneaky; it can start amassing again at any time. For this reason, it’s crucial to work on developing sustainable money habits. Tackling debt in a manageable way means paying down your current balances but also setting yourself up for financial health in the future.

By taking a slow and steady approach to debt relief, you have a better chance of making lasting change that sticks.


  1. I have realized that of all sorts of insurance, medical health insurance is the most debatable because of the turmoil between the insurance policies company’s obligation to remain afloat and the buyer’s need to have insurance policies. Insurance companies’ revenue on wellbeing plans are very low, thus some providers struggle to make a profit. Thanks for the concepts you talk about through this web site.

  2. Please let me know if you’re looking for a article writer
    for your blog. You have some really great articles and I believe I would be a good asset.
    If you ever want to take some of the load off, I’d really like to write some material for your
    blog in exchange for a link back to mine. Please send me an e-mail if interested.

    Many thanks!

  3. I think other website proprietors should take this website as an model, very clean and fantastic user genial style and design, let alone the content. You are an expert in this topic!

  4. Hey I know this is off topic but I was wondering if you
    knew of any widgets I could add to my blog that automatically tweet
    my newest twitter updates. I’ve been looking for a plug-in like this for quite some time
    and was hoping maybe you would have some
    experience with something like this. Please let me know if you
    run into anything. I truly enjoy reading your blog and I look forward to your
    new updates.

  5. Generally I don’t read post on blogs, however I
    would like to say that this write-up very compelled me to check out and do so!
    Your writing taste has been amazed me. Thank you, quite
    nice article.

  6. A powerful share, I simply given this onto a colleague who was doing a bit of evaluation on this. And he actually bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to debate this, I feel strongly about it and love reading more on this topic. If attainable, as you change into expertise, would you thoughts updating your blog with more particulars? It is highly helpful for me. Big thumb up for this weblog publish!

  7. Hey there, You have done a great job. I will definitely
    digg it and personally recommend to my friends. I am sure they will be
    benefited from this website.

  8. Unquestionably believe that which you stated. Your favorite reason seemed to be on the internet
    the easiest thing to be aware of. I say to you, I definitely get annoyed while people think about worries that they
    plainly don’t know about. You managed to hit the nail upon the top and also
    defined out the whole thing without having side effect
    , people can take a signal. Will probably be back to get more.

  9. 677782 950555I discovered your weblog website on google and check a few of your early posts. Continue to maintain up the really very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading far more from you later on! 52709

  10. With havin so much written content do you ever run into any problems of plagorism or copyright violation?
    My site has a lot of unique content I’ve either written myself or outsourced but
    it appears a lot of it is popping it up all over the web without my authorization. Do you know any ways to help prevent content from being ripped off?

    I’d certainly appreciate it.

  11. Attractive section of content. I just stumbled upon your site and in accession capital to assert that I acquire
    actually loved account your blog posts. Anyway I will be subscribing in your feeds or even I
    achievement you get entry to persistently rapidly.

  12. Can I simply say what a comfort to uncover an individual
    who really knows what they are discussing online. You actually
    know how to bring a problem to light and make it important.
    A lot more people ought to check this out and understand this side of the
    story. I was surprised you are not more popular given that you most certainly have the gift.

  13. Your style is unique in comparison to other folks I have read
    stuff from. Thank you for posting when you have the opportunity, Guess I’ll just
    bookmark this blog.

  14. Hi my family member! I want to say that this article is amazing,
    great written and include approximately all significant infos.
    I’d like to see more posts like this .

  15. I like the valuable info you supply on your articles.
    I’ll bookmark your weblog and check once more right here
    regularly. I am fairly sure I’ll be informed plenty of new stuff proper here!
    Best of luck for the following!

  16. An impressive share! I’ve just forwarded this onto a co-worker who had been doing a little homework on this. And he actually bought me breakfast due to the fact that I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to discuss this subject here on your site.

  17. What’s Happening i am new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I hope to contribute & help other users like its helped me. Great job.


Please enter your comment!
Please enter your name here