What is one way to reduce or eliminate debt?

Pay more than the minimum and cut unnecessary spending.

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  1. Pay more than the minimum and cut unnecessary spending ✔
  2. Take on more loans to cover it
  3. Ignore the bills

Why: Reducing debt involves paying more than minimums and cutting spending to free up money.

Huh, didn't know that: Reducing debt involves paying more than minimums and cutting spending to free up money.

The dad joke
Debt shrinks when payments grow.
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References

Answer: Pay more than the minimum and cut unnecessary spending. Reducing debt involves paying more than minimums and cutting spending to free up money.

  1. Scouting America: Personal Management www.scouting.org/merit-badges/personal-management
    Ways to reduce or eliminate debt
    Checked 2026-11-07.

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