Personal Finance Be money wise: Five easy steps for millennials and Gen Z to stay debt-free Updated : November 18, 2019 06:12 PM IST Paying the minimum of your debts will only stretch the debt period and you will end up repaying the amount for the longest time possible. Investments in the form of SIPs are a great way of creating the right portfolio balance, which can be utilised to pay off debts. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.