Debt Management

Tackling debt can be tricky. But here at 3MoneyTalk, we’re piecing together the perfect array of debt management strategies articles which could help you learn how to beat debt. We will also assess the pros and cons of the most popular debt strategies, and look at why one method could work better than another. These articles also go into the basics of how to progressively reduce your debt as well as teach you easy-to-learn behaviours which help you stay out of debt for good!

Paying Off Debt With Savings – Is It Worth it?

Most people would prefer to keep savings or continue, to pay into savings, rather than service their own debt. I’m not talking about paying into an emergency fund, but actually having money in a normal savings accounts, earning little to no interest. This may be alongside paying a higher interest rate in debt than they’re…
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Avalanching Your Debt: How Does It Work?

As mentioned in a previous post, there are different types of debt repayment strategies. Following on from our looking into snowballing, in this article we will be looking at the avalanche repayment method, how it works, and whether or not this is the right choice for you. What is Avalanching? Avalanching is the strategy of paying…
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Snowballing Your Debt: How Does It Work?

As mentioned in a previous post, there are different types of debt repayment strategies. In this article, we will be looking at the snowball repayment method, how it works, and whether or not this is the right choice for you. What is Snowballing? Firstly, this strategy works well if you have multiple debts over different…
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How To Pay Off Your Debt – The Simple Guide

In this guide, we will explain the simple tricks to paying off your debt. In our debt repayment series, we will go much more into detail on the different strategies you can use to getting out of debt. But for those that are looking for an easy-to-follow introduction, you’ve come to the right place. We…
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