Debt Step One

Don’t choose to stay in debt, make the decision that you are going to find the time and money to actively pay down your debt.

The first step in paying off debt is to sit down and list all of your money activity.  List everything you spend on a monthly basis, home and car loans, utilities, etc, the average amount you spend on food and other miscellaneous accessories, and all the money you bring.  This important step allows you to see precisely where your money is going, and also what you can eliminate to put more money toward paying down your debt.

Then look at the interest rates on each debt, and the amount of each debt, and begin to systematically pay down your debt, using the extra money you arranged for your debt.