Editor’s Note: This story originally appeared on The Penny Hoarder.
Your reasons for being in debt are as unique as you are. Whether it’s because of a student loan, mortgage, credit card or combination thereof, debt can happen to all of us.
The good news: The way you pull yourself out of debt can be just as unique (and a lot more rewarding). There are well-known debt payoff strategies out there like the snowball and avalanche methods.
We also rounded up some of our favorite ways that Penny Hoarders have used themselves over the years to help get out of debt.
Debt Payoff Strategies
Debt payoff strategies come in all sizes — from ultra-focused intensive to “every little bit helps” methods. Fortunately for us, Penny…