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Use These Two Simple Systems To Turbocharge Your Escape From Debt

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Use These Two Simple Systems To Turbocharge Your Escape From Debt

Use These Two Simple Systems To Turbocharge Your Escape From Debt

Personal finance can seem complicated and overwhelming, especially when you have lots of debt.

But it doesn't have to be.

According to Business Insider, using two simple systems in tandem can help you slash spending and pay off debt quickly.

In a zero-sum budgeting system, every category of spending, like gas and groceries, has a fixed weekly amount.

Once the money is gone, it's gone.

Assuming you've cut your spending to the bone, the rest goes to debt repayment.

Zero-sum budgeting dovetails nicely with the cash envelope system.

Every paycheck, take out enough cash to cover groceries, gas, and other items. Study after study shows people are far less likely to blow cash on frivolous items than when they use plastic!

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