Tag: Debt Management
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Debt Snowball Method: A Simple and Effective Way to Pay Down Student Debt
Student loan debt is a big concern for many people in the U.S. As of 2025, the average federal student loan balance is approximately $38,883, and the total federal student loan debt in the United States is $1.61 trillion. Student loans can feel overwhelming, but there’s an easy way to start paying them down faster. It’s…
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Understanding Debt: What It Is and How to Pay It Down
What is Debt? Debt happens when you use someone else’s money to buy things, like using a credit card or taking out a loan. You have to pay back the amount you borrowed plus extra money called interest. If you don’t pay it back on time, it can cost you even more. Why Paying Down…
The Saving Sage 