I didn't spend money irresponsibly, but I still found myself deep in debt and paying off interest every month — then I got a big windfall.
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Being in debt can be an overwhelming feeling. Check out our guide to learn strategies for paying off debt while saving money.
Synonyms of debt ; : something owed : obligation ; : a state of being under obligation to pay or repay someone or something in return for something received : a state of owing ; law and business : the common-law action for the recovery of money held to be due
The best way to pay off debt depends on how much you owe, your income and your preferences. Explore strategies like debt snowball, consolidation and debt relief.