Household debt in the U.S. was a record $14.6 trillion for the first quarter of 2021, which seems like a lot of debt and it is. If you stacked that amount of debt in one-dollar bills, it would reach all the way to the moon.
The easiest way is to cut expenses and use the money to pay off debt. That’s also the hardest way.
We believe that reducing expenses and paying off debt to achieve your financial goals shouldn't seem like a sacrifice. It's about taking control of the controllable and creating new money habits.
Let's look at some practical ways to reduce your monthly expenses.