How to be Lazy and Still Pay Off Your Debt

There are a lot of things that deserve your energy but paying off debt isn’t one of them. If you have debt, it can feel hopeless. But you can get out of debt, and it’s easier than you think. We can show you how to be lazy and pay off your debt.  An All-Time Record  If you have debt, you’re not alone. Total household debt—a category that includes mortgages, student loans, and car loans along with credit card and other debt—dipped in the wake of the Great Recession, but it has since steadily rebounded in the years since. Overall, Americans’ debt hit a new high of $13 trillion last year, surpassing the previous record set in 2008 by $280 billion, according to the New York Fed.” Not all debt is the same. Mortgage debt, for instance, is typically low-interest debt and a home can be an investment. It’s the other kinds of debt, credit cards, student loans, that can hinder all of your long-term financial goals. So let’s tackle that kind of debt once and for all, and be lazy while we do it. Paying off debt is a process Paying off debt is a process, and there are several steps. These steps can take a while to accomplish. You didn’t accumulate this debt overnight, and you’re not going to pay it overnight. Face the Music It’s terrifying to sit down and total up just how much debt you’re in, but that is the first step if you want to pay off your debt. Make a list of all of your outstanding debts and the interest rate on each. The best way to see all of your debt is in your Credit Karma account. Not only will you see all of the debts but you’ll be able to see your credit report and credit score too. It’s free to make an account so do that now if you don’t already have one. Go through your credit report and make sure all of the listed debts are legitimate. There are a variety of reasons debts that aren’t your’s can end up on a report. If you find debts that are not your’s, you can dispute them. Consult Your Budget What’s that? Don’t you have a budget? Well, go to Personal Captial and get a good overall picture of