NerdWallet Review: This App Makes Money Management A Breeze

How Do I Pay Off Credit Card Debt?

If you're serious about reducing your debt, you'll have to cut back on your nonessential spending by setting a realistic monthly budget for expenses like dining out or entertainment. Come up with a payment strategy that works best for you and your current financial situation. For example, focus on paying off the card with the highest interest rate first while making minimum payments on others. Once the highest-interest debt is cleared, roll that payment into the card with the next highest interest rate. This approach reduces the overall interest you pay and can help you become debt-free faster.

What Is A Debt Snowball?

A debt snowball is a debt repayment method where you focus on paying off your smallest debts first, regardless of interest rate, while making minimum payments on larger debts. The debt snowball method is popular because it builds momentum and motivation, giving you a psychological boost as you see debts disappearing one by one. Once the smallest debt is paid off, you take the amount you were paying on it and apply it to the next smallest debt. This creates a "snowball effect," where your available payment amount grows as each debt is eliminated, helping you pay off larger debts faster over time.

How Do I Get Out Of Debt?

When it comes to getting out of debt, the method that works best for you might be different than what works best for someone else. To get started, list all your debts, including balances, interest rates, and minimum payments. This gives you a clear picture of what you owe. Analyze your income and expenses to see where you can cut back and direct any extra funds toward your debt. Avoid new debt: Shift to a cash or debit-only system to prevent accumulating more debt while paying off what you already owe.

There are a variety of factors, from financial situation to income to dependents, but no matter what your life look like right now, here are some realistic ways to help you conquer your debt.

Create An LBD (Little Budget Library)

A little budget diary is a way to take stock of all your monthly and annual expenses, such as subscriptions, streaming services, and groceries — and write them all down in your LBD, says Brit + Co's Money School instructor Nicole Lapin. "You'll reference this all year — weekly is best — so you'll want to start off on the right foot with an easy-to-reference LBD. Don't make it hard. It's an easy task that will help you get organized quickly," she says.

Be Realistic About Your Expenses

"Do not be aspirational with your numbers," says Skye Kelly. "Pay attention to how you ACTUALLY live and how you ACTUALLY spend and work from there." Track your expenses for a month to create an accurate budget, review your paycheck and follow the 50-20-30 rule. These are the percentages you should spend on essentials, your future, and your lifestyle (non-essentials) with the goal to live within your means and eventually start saving and investing.

Check out Brit + Co's Teach Me Something Newpodcast with finance pro Tonya Rapley for breaking out of the paycheck-to-paycheck cycle.

Set Your Sights On Big Goals

Whether it's that dream bucket-list trip or a buying your first home, think about what your long-term goals are and think big when planning a budget. "When we are committed to a massive financial goal (retiring early and traveling the world with your life partner) suddenly the decision between roses or calla lilies as a wedding bouquet seem meaningless, and we are more inclined to find ways to spend less so we can meet our long-term financial goals," says Skye Kelly. She adds: "Create a budget for the milestone, stay resourceful and use points, seasonal sales, and help or hand-me-downs where you can."

Check out Brit + Co's Teach Me Something New podcast with The Points Guy for credit card tips and travel hacks.

"Spring Clean" Your Finances

Take a moment to organize your expenses. Dedicate a weekend afternoon and delete unused subscriptions, close and consolidate accounts, check in with your savings and retirement plans to make sure they're working for you, reduce auto-renewals, and unload credit card debt byconsolidating them into a single low-interest personal loan. It will feel as good, if not better, than spring cleaning your house, plus think about the money you'll have saved in that afternoon.

Find Your Side Hustle

Beyond just reducing your expenses, look at ways you can increase your income so you can start saving andinvesting to grow your wealth. "Increasing income might look like side jobs, part-time employment, creating an income stream, selling clutter around the home, or creating a product or service that meets the demands of the marketplace," says Skye Kelly. Look at selling clothes on resale sites, having a garage sale come spring, selling books online, starting an Etsy shop if you have a creative interest... anything that will add some extra cash in your pocket each month.

It's OK If It's Not Perfect

"Because budgets are rooted in math, we tend to see everything as right or wrong, which *shudder* brings up a lot of grade-school math class shame for many of us," says Skye Kelly. "If you plan your budget at the beginning of the month and at the end of the month it was only 80% accurate, you are likely killin’ it financially. I’ve asked hundreds of financial experts over the years ‘how many times did you get the budget exactly right?’ and every single answer has been ‘zero times.’"

Avoid Making Money Decisions During Hard Times

Mental wellness plays a big role in how we view our expenses and often we can make decisions in order to make us feel better (retail therapy, anyone?) instead of making healthy long-term financial decisions. "Having a line item in the budget for guilt-free spending is critical if you can afford it," says Skye Kelly. "This guilt-free spending money is there for times you want to splurge even though you might not be able to justify it."

Skye Kelly says it's best to avoid major financial decisions if you can for at least 6 months:

• After a significant death or when you are grieving
• While you or a loved one are experiencing a critical illness or at the onset of a new disability
• After a major breakup or divorce
• When you’ve entered into a new romantic relationship
• If you’ve been diagnosed with or suspect you have a mental illness and are awaiting treatment

"During these times we are highly likely to make emotional or impulsive decisions. Give yourself time to regulate some of the higher intensity emotions that might be driving the urge to spend."

Curious about crypto? Check out Brit + Co's Teach Me Something Newpodcast with finance pro Nicole Lapin for a primer on how to make your first crypto investment.

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Who's returning to the One Tree Hill sequel?

One Tree Hill Sequel Cast

According to Variety, Sophia Bush and Hilarie Burton would return as Brooke Davis and Peyton Sawyer, respectively. Daneel Ackles would also return — and all three would serve as executive producers on the TV show alongside Warner Bros. Television, who was behind the original show.

When asked if he would return as Lucas Scott, Chad Michael Murray simply responded with “No clue." Considering previous reports suggested he had "no plans to return," this is promising news to me! He then added he hopes the sequel series “comes together for the fans.”

“I mean, this fandom that has grown, I mean, literally, I was just in Halifax a week ago and, sure enough, I’m running into 11, 12, 13-year-old kids who are in love with Tree Hill,” he continues. “They’re seeing it on Hulu and they’re going, ‘Oh, my gosh.’ It’s stood the test of time and I think to have some new stories, whatever iteration of the show that’s created, I want it for the fans.”

Will One Tree Hill have a season 10?

One Tree Hill Sequel Plot

One Tree Hill doesn't have a season 10, and it's unclear what kind of sequel this new One Tree Hill series would be. But it looks like star Hilarie Burton is confident the new series would be told through the female experience. "What has been really cool for [the entire cast and crew], they're all really proud of the work that we did back then too," she told Brit + Co in September. And so to see the public support this little show we made 20 years later, that's so special and it's so rare."

“Being able to work with a team of women and look at these stories [and] these characters through a female lens is something that — whether I was doing a reboot or a brand-new show or a different movie at this phase in my life, female teamwork is something that is so vital to me,” she adds in an interview with People. “It is the core of anything I've done that's successful...So I'm excited to be able to team up with people that I look up to, people that I love dearly.”

After the One Tree Hill finale featured all of our favorite characters' kids, I've always wanted to see a One Tree Hill next generation series that brings the kids into high school, which is something other fans have been wanting too!

One viral TikTok imagines an intro for a fictional Next Gen series starring Dylan O'Brien, Candice King, and Vanessa Marano. "Could you imagine this as a reboot with the kids though," one comment reads. "We can only dream."

And good news for OTH fans! Jana Kramer, who played Alex during the later seasons of the show, teased she thinks Peyton and Brooke "are coming back as moms."

"I had spoken to Hilarie about it, about Alex making an appearance when I knew about it," she tells People. "We had discussed it before the news broke...I think their intention is to bring back people that make sense. And Hilarie was like, 'I never got to meet Alex, so it'd be fun to have us meet,' and I'm like, 'I would love that. Sign me up.' So, we'll see. TBD."

Brooke having to deal with her kids' TikToks? Peyton thinking about the future of art and AI? Mouth leading the Tree Hill podcast empire? There is so much to dive into here. But all in all, One Tree Hill is one TV show that gives me so much hope, no matter how many times I watch it. And I know that bringing back our favorite found family is the perfect way to bring some of that hope right back into today's TV.

One Tree Hill also starred Chad Michael Murray, James Lafferty, Austin Nichols, Bethany Joy Lenz, Paul Johansson, Barbara Alyn Woods, Lee Norris, and Antwon Tanner. Check back here for the latest updates on the One Tree Hill reboot cast!

What do you think about the One Tree Hill sequel?! Stay tuned for the latest news and read up on how This One Moment Proves Brooke Davis Is The Best Character On One Tree Hill.