One of KFP’s Financial Planners Beth Shurtz was quoted in the International Business Times on the key first steps on paying off credit cards and getting out of debt.
“Get all the statements and plug them into a software or a basic Excel spreadsheet to help prioritize which ones should be knocked out first,” she said. Shurtz recommends using the so-called debt snowball approach by paying off the credit card with the smallest balance first, to gain momentum.
Beth also recommends surrounding yourself with friends and family who are like-minded and trying to get out of debt too. To read the full article by Lauren Lyons Cole, please click here.