Paying down debt quickly requires a strategic approach to managing your finances. Prioritize paying off high-interest debts first, such as credit cards or personal loans, while making minimum payments on others. Consider consolidating debts into a lower-interest loan or balance transfer credit card to save on interest charges.
Create a realistic budget that tracks your income and expenses, and allocate extra funds toward debt repayment. Explore additional income streams through side hustles or part-time work. Seek professional help from a credit counselor if struggling to manage debt independently.