Debt Diet

The debt diet refers to a debt management plan made popular by a multi-part series for The Oprah Winfrey Show, first airing on February 17, 2006. In the series, Oprah Winfrey teamed up with financial experts Jean Chatzky, Glinda Bridgforth and David Bach to create a step-by-step plan demonstrating how to get out of debt.

The debt diet is an eight step plan:

  • Debt Diet Step 1: How much debt do you really have?
  • Debt Diet Step 2: Track your spending and find extra money to pay down the debt
  • Debt Diet Step 3: Learn to play the credit card game
  • Debt Diet Step 4: Stop spending
  • Debt Diet Step 5: Create a monthly spending plan
  • Debt Diet Step 6: Grow your income
  • Debt Diet Step 7: Prioritize your debts and increase your credit score
  • Debt Diet Step 8: Understand your spending issues and save[1]

See also

References
  1. "Get Out of Debt with the Debt Diet - Wikibooks, open books for an open world". en.wikibooks.org. Retrieved 2019-04-26.


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