Save by Reducing Debt

A credit card being cut in half by a pair of scissors.Free Yourself to Save More

Paying off debt and saving money go hand-in-hand. Every dollar you put toward debt today is one less dollar you owe tomorrow—and one step closer to reaching your savings goals.

Start by making a list of your debts, including interest rates and minimum payments. Two popular strategies are:

  • The Snowball Method: Pay off the smallest balance first for a motivational win.

  • The Avalanche Method: Tackle the highest-interest debt to save more in the long run.

Whichever method works best for you, the goal is to free up money that can then be redirected into savings. Think of it as a double win: less stress and more financial breathing room.

Reducing debt is a powerful step toward long-term financial health. Start where you are and make progress one payment at a time.