Listen
It’s impossible to build wealth when you’re in a cycle of never-ending debt. Find out how to manage your money the right way and get started on the life you were meant to live.
It’s impossible to build wealth when you’re in a cycle of never-ending debt. Find out how to manage your money the right way and get started on the life you were meant to live.
General Debt
Credit Card Debt
Car Loan Debt
Student Loan Debt
Medical Debt
Powered by AI—built on Ramsey principles.
General Debt
Your Debt Guide
Find out how to crush your debt fast, just like a snowball rolling downhill.
The Budget Calculator
Enter your monthly take-home pay and boom—the calculator will use your income to fill out all the expense categories automatically.
Credit Card Debt
Your Debt Guide
Discover the truth about credit cards and how you’re better off without them.
The Budget Calculator
Enter your monthly take-home pay and boom—the calculator will use your income to fill out all the expense categories automatically.
Car Loan Debt
Your Debt Guide
Getting rid of a car loan that’s strangling your budget is possible.
The Budget Calculator
Enter your monthly take-home pay and boom—the calculator will use your income to fill out all the expense categories automatically.
Car Loan Debt
Your Debt Guide
Getting rid of a car loan that’s strangling your budget is possible.
The Budget Calculator
Enter your monthly take-home pay and boom—the calculator will use your income to fill out all the expense categories automatically.
Student Loan Debt
Your Debt Guide
Paying off your student loan may feel impossible. But you can do it—and fast!
The Budget Calculator
Enter your monthly take-home pay and boom—the calculator will use your income to fill out all the expense categories automatically.
Medical Debt
Your Debt Guide
Receiving your medical bill can be as painful as the hospital stay. See what options will help ease your worry.
The Budget Calculator
Enter your monthly take-home pay and boom—the calculator will use your income to fill out all the expense categories automatically.
Budgeting Helps You Kick Debt to the Curb
No matter what type of debt you have, the journey to paying it off starts with a budget. Here are three steps that’ll put you in the driver’s seat of your finances and future.
Step 1: Learn Why Budgeting Is Key to Getting Out of Debt
Like a gas pedal to a car, a budget helps you get moving toward a debt-free life. And once you start budgeting, you’ll find more money you can use to pay off debt faster while keeping you on track with your other expenses. You’ll shift from wondering where your money went to having full control of your finances!
Step 2: See How Easy It Is to Build a Budget
Common myths about budgeting are that it’s hard and it’s time-consuming. Not here! Check out how easy it is to build your budget. You really can do this!
Step 3: Create Your First EveryDollar Budget
Budgeting might feel a little out of your comfort zone. But don’t worry—the EveryDollar budget app makes it easy to build your budget and edit anytime, anywhere. And the best part? The app does all the math for you while you keep crushing your debt!
Get More Information
Need more guidance? We’ve got you covered. Choose how you like to learn, and we’ll point you to the right tools that’ll help you with budgeting and paying off debt. Or take our free money quiz to find out where you are with your finances and how to get where you want to be.
Take the 3-Minute Money Quiz
Want to pay off debt but don’t know where to start? Answer a few questions to get a customized financial plan, along with free tools and resources.
Frequently Asked Questions
-
What is debt?
-
Debt is any money you owe to a bank, a company or another person. That includes credit card balances, student loans, car loans, personal loans, medical bills and even buy now, pay later plans. Every payment takes money out of your paycheck that you could be using to save, give or invest.
-
What is the debt snowball?
-
The debt snowball is how you do Baby Step 2, and it’s the proven way to pay off all your debt (except your house). List your debts smallest to largest, pay the minimums on everything but the smallest, and attack that one with every extra dollar. When it’s gone, roll its payment onto the next smallest debt. Your payment grows with every debt you knock out, like a snowball rolling downhill.
Listening Recommendation
The Ramsey Show serves up expert advice for life’s tough questions. Its caller-driven format inspires real-time discussions about managing money, work and relationships for people in all walks of life. You can tune in to The Ramsey Show daily to listen or watch.
Viewing Recommendation
Paying off debt can feel overwhelming, especially when you’ve got family needs and money stress. In this episode of The Ramsey Show, Dave Ramsey and Rachel Cruze answer a caller’s debt and savings concerns. Find out why debt is the biggest risk and how to knock it out fast.
Reading Recommendation
The Total Money Makeover is Dave Ramsey’s all-time bestselling book. It has helped millions of families pay off debt and change their lives forever. With its simple, practical step-by-step plan, it helps you change unhealthy money behaviors and win with money.
Ask Ramsey
Do you have a question about your money situation? Ask Ramsey and get a clear next step. It’s like calling into The Ramsey Show, but faster and without the audience. The Ask Ramsey AI tool is built on Ramsey principles, so you’re getting Ramsey-style guidance you can trust.
How to Get Out of Debt With the Debt Snowball Method
The debt snowball method is a debt reduction strategy where you pay off your debts in order of smallest to largest, regardless of the interest rates.
Once the smallest debt is gone, take its payment and apply it to the next-smallest debt (while continuing to make minimum payments on your other debts).
The more you pay off, the more money you can throw at your next payment—like a snowball rolling downhill.
How to Pay Off Credit Card Debt
First things first. Just like any toxic relationship in your life, you’ve got to break up with your credit cards—aka cut them up! Your next step after that is to pay off one debt at a time using the debt snowball method.
Once the smallest debt is gone, take its payment and apply it to the next-smallest debt (while continuing to make minimum payments on your other debts).
Remember, with each balance you pay off, you'll have more money to throw at the next debt—like a snowball rolling downhill.
How to Get Out of a Car Loan
Cars are the most expensive thing we buy that goes down in value. It’s like lighting a pile of money on fire every time you drive down the road!
So, how do you get rid of a giant car payment? One option is to pay off your loan faster. Start by getting on a budget, cutting back your spending, and picking up a side hustle.
Throw as much money as you can toward your car loan. It’ll take some discipline and determination, but you can do it.
How to Pay Off Student Loans Fast
Get on a budget and stick to it every month. It’s a total game changer.
Unfortunately, there isn’t a special magic trick or life hack to help you get rid of your student loans in 30 days flat. But if you follow the proven method of budgeting, you can and will ditch your student loans for good.
A zero-based monthly budget will show you exactly where your money is going and where you can cut back. And you might find “extra” money you didn’t know you had. Throwing a little bit (or a whole lot) extra at your loans each month makes a huge difference. Keep fighting the good fight (and the bad debt!).
How to Get Help With Medical Bills
We know how it feels to get that pit in your stomach when you see a bill and have no clue how you’re going to pay. But there are things you can do to get rid of your medical bills.
Most medical providers are willing to work with you on a payment plan. Rather than having to pay your bill in one lump sum, this allows you to break it down into manageable, bite-sized chunks.
Whether you’re trying to pay down a medical bill or save up for health expenses, a budget is your best tool. It helps you take something that feels way out of your control and turn it into a plan that you can control.