Paying off Debt: Expert Tips to Take Control of your Finances E7

In this episode of Good Money Moves, titled "Paying off Debt: Expert Tips to Take Control of your Finances ," I, Jenna Taubel, am joined by Jordan Kaehler our Loan Portfolio Manager at First Alliance Credit Union, to explore effective strategies for paying off debt. We discuss the importance of budgeting and understanding your spending habits to reduce expenses and increase savings. Jordan emphasizes the benefits of the snowball method, biweekly payments, and maintaining an emergency fund to manage debt effectively. We also delve into debt consolidation and credit card balance transfers, highlighting the importance of understanding interest rates and terms. Whether you're considering debt management plans or debt settlements, this episode provides valuable insights to help you make informed financial decisions and achieve your debt payoff goals. Join us for practical advice and strategies to empower your financial journey.