Debt is a reality for many people, but it doesn’t have to define your financial future. Whether it’s student loans, credit card balances, or medical bills, debt can feel overwhelming—but with a clear plan and determination, you can take control.

Step 1: Face the Numbers
The first step to tackling debt is understanding it. Gather all your loan statements, credit card bills, and other debts. Write down:

The amount owed.
The interest rate.
The minimum monthly payment.
This might feel uncomfortable, but knowing your numbers is essential to creating a plan.

Step 2: Choose a Repayment Strategy
There are two popular methods for paying off debt:

The Snowball Method
Focus on paying off the smallest debt first while making minimum payments on the rest. Once the smallest debt is paid, move to the next smallest. This method builds momentum and confidence.
The Avalanche Method
Prioritize paying off the debt with the highest interest rate first. This method saves you more money in the long run but requires discipline.

Step 3: Cut Expenses and Boost Income
Look for opportunities to free up extra cash to put toward your debt. This might mean cutting unnecessary subscriptions, eating out less, or picking up a side hustle. Every dollar you free up gets you closer to financial freedom.

Step 4: Stay Consistent
Tackling debt is a marathon, not a sprint. Celebrate your progress along the way and remind yourself of the freedom you’ll gain once you’re debt-free.