Steps toward getting out of debt include:
A) Pay off your bill with the smallest interest first
B) Purchase only low cost items on a credit card
C) After you pay off a loan, reward yourself by spending a small amount of cash
D) None of the above

Question

Quizplus · Accepted Answer

The best approach is to pay off the bill with the highest interest first, as it will save you more money in the long run. This method is commonly known as the debt avalanche method. Option B is also a good choice, as purchasing low-cost items on a credit card will prevent new debt from accumulating. Option C is not recommended as this will slow down your debt-reduction progress.

Steps Toward Getting Out of Debt Include