Quick Guide to Pay Off Debt in 2024

Let’s face it, a lot of us need to pay off debt. 

If you are interested in saving money on your interest costs, keep reading. 

There are two ways to reduce your interest cost:

  1. Get a lower rate
  2. Pay off the debt faster

The Fed will likely keep rates flat. So unless you are consolidating credit card debt, lower rates will be hard to find.

Your only option is to pay off debt faster. 

*Note: if your interest rate is lower than inflation, just pay the minimum.*

This week’s template gives you a place to track all debt, plan larger payments to reduce interest, and get out of debt faster.

To get your own copy, click “ACCESS MY COPY”.

Once you click the link, it will open up a Google Sheet.

You can choose to make a copy of the Google Sheet or download and open in Excel. 

“Ideas are great, but it’s the execution that matters.”

Talk soon,
Clarity Cash Flow

Clarity Cash Flow

About the author

Clarity Cash Flow is an online resources with a mission to provide business operations with the best cash forecasting and treasury management information available on the internet.

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