Well, here we are: a brand new year!

Chances are, you're one of the 81% of Americans with a financial new year's resolution. The most common financial resolution this year? Like many other years, it's paying off debt.

But how do you make it happen? Obviously, with a plan. So, let's make one!

As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, John and David, the Debt Free Guys, join us to discuss the five things you need to know about creating a successful debt pay-down plan.

Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.

Show webpage with links.

You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:

• Listen on Apple Podcasts
• Listen on Google Podcasts
• Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.

Get out of debt for good

In addition to our thoughts on creating a debt paydown plan, we have many resources on the Money Talks News website for ideas on getting out of debt. You can even check out Stacy's book, Life or Debt, to help you destroy your debt and get on the path to financial freedom.

• How to Destroy Your Debt and 3 Things to Do Next
• Tips and Tricks to Help You Destroy Debt
• 7 Steps to Quickly Eliminate Your Holiday Debt
• 7 Great Tools to Help You Get Out of Debt
• How to Wipe Out Debt for Good
• The Best Way to Kill Off Credit Card Debt
• How to Pay Off $10,000 in Debt Without Breaking a Sweat
• 10 Steps to Get Out of Debt Now and Stay Out of Debt Forever
• 10 Ways to Lose Weight and Pay Down Debt — at the Same Time
• 13 Ways to Get Out of Debt
• The Fastest Proven Ways to Destroy Debt

Where to find the money to pay off debt

Once you decide to pay off debt, there's a good chance you need to find the money to make your debt pay down plan work. This often includes a combination of strategies to save money and increase your income. Check out these resources that can help you find money to funnel into your debt freedom strategy. And don't forget to check out the debt lasso method our guests use to pay off debt.

• The Ultimate Guide on How to Save $10,000 in a Year
• 15 Ways to Save Money on Prescription Drugs
• 6 Ways to Save Money on Home Entertainment
• 15 Ways to Save Money on Vacation
• 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now
• 11 Ways to Save Money on Food Without Using Coupons
• 4 Ways to Save Money on Kids' Sports and Activities
• 10 Ways to Save Money Shopping for Clothes
• 7 Smart Ways to Save Money at the Gas Pump
• 9 Best Shopping Apps to Save Money
• 5 Tips to Make Money Management Fun
• 9 Ways to Make Money With Online Sales
• 6 Classic Hobbies That Make Money as Trendy Side Gigs
• 6 Effortless Ways to Make Money Whenever You Shop
• 13 Ways to Make Money Delivering Food, Packages and More
• 12 Easy Ways To Make Make Money Online Without Leaving Home
• How to Make Money from What's Coming: Web 3.0
• 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
• 25 Side Jobs That Can Be Done From Home
• Money Tight? 4 Legit Ways to Bring in Extra Cash

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