Welcome back to Finance Friday, another special edition of Money Girl where I answer your

burning money questions.

Today's topic comes from Barbara who says I have

quite a bit of debt including mortgages, prep school and college for my kids that I

worry about. What's the best way to plan and pay off debt? I really appreciate

your question Barbara. I know having a lot of debt can be stressful. This show will review why strategies for creating a debt payoff plan that

hopefully helps you worry less and eliminate debt faster. Welcome back everyone. Thanks for

joining me. I'm Laura Adams an award-winning

author, finance spokesperson, money speaker, founder of the money stack

newsletter, and host of this podcast with 43 million downloads.

My mission is to help you get the knowledge and motivation

to prioritize your finances, build wealth,

and have more security and less stress.

So be sure to follow Money Girl, wherever you're listening, maybe it's

Apple Podcasts or Spotify, wherever you are listening to this show, so you will

automatically get each new episode. And if you have a question you'd like me to cover, you can leave it on our

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Laura d atoms.com. So when we talk about the best way to get out of debt, the

strategies to get out of debt, First I want to review the differences between good

and bad debt because I think that helps sort of set the table. It helps you know which

debts you really should be tackling first and you know then we'll get into the specific strategies

One way to know if a debt is good or bad is whether it pays for something that is likely to appreciate or depreciate.

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