9 money experts share their tips for debt-free living

The spotlight was on a woman using her Instagram platform of more than 230,000 followers for a unique and noble mission: to teach Americans how to live debt-free.

According to GMA, three of the most searched hashtags on Instagram are “budgeting,” “financial freedom,” and “debt-free.” And since that’s everything Debt.com believes in, we wanted to ask these financially, tech-savvy ladies to share their best financial advice with us.

Lined Circle

Create a priority list of all your debt organized by the lowest balance or highest interest rate. Make it a goal to pay more than the minimum payment to your top priority debt – and build your debt repayment into your budget so you have a plan of attack each month.

Bola Sokunbi, Clever Girl Finance

This hustle made a huge difference, both in the amount of interest I paid on my debt and for my long term net worth. I was able to start investing and saving sooner and move forward with my other money goals, mainly buying multifamily real estate.

Sarah Wilson, Budget Girl

My best advice for people trying to become debt-free is to write down your income and expenses in the form of a budget. If you don’t see what money is coming in and going out you won’t be able to come up with a plan to pay off your debt. Your budget could be in a spreadsheet, on a sheet of paper or even a whiteboard.

Justine Nelson, Debt-Free Millennials

My best advice for people working to become debt-free is to create and stick to your budget, celebrate your wins and find a community of people that support you.

Amanda Williams, Debt-Free in Sunny CA

The debt snowball method – focusing the largest payment on your smallest debt while paying the minimum on the others – is a great way to pay off debt while getting the motivation you need to stay the course!

Allison Baggerly, Inspired Budget