Making a strategy become debt-free

Making a strategy become debt-free

Determine the money you owe

Focus on determining your balance. Create a summary of all of your debts.

For every single one, list:

  • The amount that is total owe
  • the minimal payment per month
  • the attention price

Your list may add:

  • mortgages
  • auto loans
  • bank card balances
  • credit line balances
  • payday advances
  • fees you borrowed from
  • buy now, spend later balances
  • unpaid utility bills (cell phone, hydro, cable, etc.)
  • student education loans
  • loans from family and friends
  • spousal support and/or son or daughter support you borrowed from

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