How to Pay Off Debt Fast in 2025 (Even If You’re Broke)
With rising interest rates and cost of living, many people feel trapped by debt in 2025. But with the right plan, you can become debt-free faster than you think.
Step 1: Stop Adding New Debt
Cut your cards, pause spending, and stop using BNPL apps.
Step 2: List All Debts
Include balance, minimum payment, and interest rate for each debt.
Step 3: Choose a Payoff Method
- Debt Snowball: Start with the smallest balance
- Debt Avalanche: Start with the highest interest
Step 4: Find Extra Money
Cancel unused services, sell items, or get a weekend side hustle.
Step 5: Use a Debt Payoff App
- Undebt.it
- Debt Payoff Planner
- YNAB
Step 6: Lower Interest Rates
Call lenders to negotiate or consolidate debts with lower-rate options.
Step 7: Avoid Scams
Be wary of “quick fix” debt relief scams. Verify everything.
Step 8: Celebrate Progress
Celebrate every $500–$1,000 paid. Motivation matters!
Final Words
“The best time to get out of debt was yesterday. The second best time is today.”