Please upgrade your browser for the best Refinery29 experience. Read more.

How To Get Out Of Debt — And Stay Out!

  1. Begin Slideshow



    See All Slides

    We love an occasional shopping spree...maybe a little too much, judging by the size of our last Visa bill. While spending like a high roller can be fun, actually being in debt is anything but. And, if you're like most people, you owe — big time. According to the Census Bureau, the median American household debt is a whopping $70,000. (Approximately $15,000 of that is from credit cards.)

    Okay, that's a lot of dough, but before we go any further, it's important to discern "good" debt from "bad." Typically, good debt includes school loans and mortgages, since both of those can be considered investments that can pay off in the future. Bad debt involves assets that go down in value. In other words, if you owe 25 grand, it's better to have a Ph.D than a flashy car to show for it.

    Whether your debt is good or bad, digging your way out is a smart and noble financial goal. That's why we've tapped former Wall Street guru Kelly P. Hernandez to reveal the debt-busting strategies that actually work, whether you owe $100, $1,000, $10,000, or more. The founder and CEO of, an independent personal finance site for women, Hernandez offers a life raft for those of us sinking in debt. Get ready to kick your bills to the curb — you may never stress about debt again.

    Designed by

    Begin Slideshow



Your New Favorite Magazine Is Hot Off The Presses

Here's what happened: Two kickass ladies headed to the newsstand in search of a rad read, but left with nothing but disappointment. Being the resourceful types they are, these women chose to do something about it. They started their own, cooler magazine called Golly, the awesome first issue of which is now available on read

Lip Gloss Your Hair Won't Stick To

"My lip gloss be poppin', my lip gloss be cool," quoth Lil Mama. And, we've got to agree. While we may give special attention to our tubes of lipstick, our glosses are definitely clutch when we want to be, well, poppin'. But, not all glosses are created equal. We've all been in a situation where we apply our pigment and read