5 Recommendations for Getting Better Finances and Relief from Debt

Practical strategies to improve your money habits, reduce debt, and move toward financial freedom

Managing money is never easy — especially when debt feels like it’s weighing you down. From credit cards and personal loans to unexpected medical bills, many Americans find themselves stuck in a cycle that feels impossible to escape.

The truth is, getting better with your finances and relieving debt isn’t about one big miracle solution. It’s about small, consistent steps that add up over time. At Mitigately, we believe everyone deserves the chance to break free from debt with clear guidance and practical tools.

Here are five recommendations to improve your financial situation and build a future with less stress and more freedom.

1. Learn Smarter Every Day

Financial education is one of the most powerful tools for change. Even 15 minutes of financial learning a day can completely shift how you approach money. Instead of spending that extra time on social media, you could:

• Read an article on budgeting.
• Listen to a podcast about money management.
• Watch a short video on debt relief strategies.

When you understand how debt works — especially interest rates — you’re more likely to avoid financial traps. For example, knowing how compound interest grows on a credit card balance can motivate you to pay it down faster.

📌 Tip: Start by reading Mitigately’s debt relief resources to learn practical strategies for managing and reducing debt.

2. Focus on What Matters Most

Not all debt is created equal. High-interest debt, like credit cards and payday loans, can drain your finances quickly. A $5,000 balance at 20% APR could cost you over $1,000 in interest every year if you only make minimum payments.

That’s why focusing on high-interest debt first is a smart strategy. Two popular methods include:

• Debt Avalanche: Pay off the highest interest debt first while making minimum payments on the rest.
• Debt Snowball: Pay off the smallest balance first to gain momentum and confidence.

Both work, but the avalanche method saves more money in the long run.

📌 Tip: Mitigately’s personalized debt relief programs help you prioritize the debts that hurt your wallet most.

3. Swap Bad Habits for Good Ones

Sometimes, it’s not the big expenses that hurt us — it’s the little habits.

• A $20 impulse buy every week = $1,040 per year.
• Daily $6 coffee runs = over $2,000 per year.

Redirecting even half of that money to your debt could speed up your payoff timeline dramatically.

Try replacing bad habits with better ones:

• Use the 24-hour rule: wait a day before making an unplanned purchase.
• Set automatic transfers into a savings or debt repayment account.
• Track your spending with an app — awareness is half the battle.

📌 Tip: Swapping habits doesn’t mean giving up everything you love. It’s about small changes that give you big results.

4. Stay Consistent With a Plan

One of the biggest challenges with debt is staying motivated. Progress feels slow at first, and it’s easy to get discouraged. But consistency is key.

Let’s look at an example:

• Paying $100/month toward a $5,000 balance at 18% APR could take over 7 years to pay off.
• Increasing payments to $200/month cuts that timeline to less than 3 years.

It’s not about making giant leaps; it’s about sticking to a clear plan and slowly building momentum. Even cutting back on one takeout meal per week could free up an extra $50 to put toward debt.

📌 Tip: Create a realistic budget that factors in both debt payments and lifestyle needs. Mitigately can help you design a debt relief plan that fits your goals.

5. Get Support When Needed

Sometimes, despite our best efforts, debt feels overwhelming. And that’s okay — because you don’t have to face it alone.

Professional debt relief services like Mitigately can help by:

• Consolidating debt into one manageable payment.
• Negotiating with creditors to reduce balances or interest rates.
• Building a personalized strategy to pay off debt faster.

Getting support doesn’t mean failure — it means you’re taking control and choosing a smarter path forward.

📌 Tip: If you’re unsure where to start, schedule a free consultation with Mitigately to explore your options.

Conclusion

Breaking free from debt isn’t about luck — it’s about making intentional choices and sticking to a plan. By learning smarter, focusing on high-interest debt, swapping habits, staying consistent, and seeking support when needed, you can create a financial future with less stress and more freedom.

At Mitigately, we’re here to guide you every step of the way. Whether you need debt consolidation, creditor negotiation, or personalized financial strategies, our mission is to help you take back control of your money and your life.

👉 Ready to start your journey? Learn more about Mitigately’s debt relief solutions.