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Forget Squid Game, here are some strategies to get out of debt in real life

The most-expensive-debt first approach is cost-effective, while debt snowball has been found to be the most successful

Topics
Household debt | debt trap | Debt woes

Bindisha Sarang 



Loans, Retail loans
However, certain loans are subject to prepayment charges, and you should consider this before making an early payment

Squid Game, a South Korean show on Netflix that is currently topping the popularity charts, is about a group of people trapped in debt who enter a series of survival games. Thankfully, in real life, you don’t need to play Squid Games to get out of a debt crisis. Time-tested financial strategies are enough to see you through.

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First Published: Wed, October 20 2021. 11:44 IST

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