Debt is not something extraordinary in today's society. After all, even wealthy people often live in debt. The trick is to develop a strategy that will allow you to handle the payoffs and not be in the red.
Instructions
Step 1
The worst thing that can happen to debts is that they accumulate, and you will start working for them, and not for yourself. Meanwhile, there is a fairly simple principle that will allow you to pay off and pay off your debts. You will need a notebook or diary, at worst - you can take a sheet of paper and a fountain pen. You can also enter all the information into the computer.
Step 2
Sit down and take a census of your debts. Even the most insignificant. Start with the most important ones, like mortgages and loans, and end with the smallest ones.
For example, a mortgage - 100,000, a car loan - 50,000 monthly, a fine that you forgot to pay - 2,000, and so on until all debts are taken into account.
Step 3
Specify how much you have already paid and what is the balance of the debt. Sadly, but true - people are not inclined to keep track of debts. Because it is unpleasant and ruins the mood. Therefore, some nuances may slip away. For example, you think that the debt is almost paid off, but it turns out that it has not. Or, on the contrary, a pleasant surprise will await you - there is only a little left to pay, and you are free.
Step 4
Now list all the payments you make on a monthly basis to pay off your debts.
Step 5
Check the minimum payments you must make to pay off your debts. For example, you can pay off a certain debt if you deposit 100 rubles a month, and you pay 200 rubles. Find out if you can reduce the payment to 100 rubles. Do the same for all other debts. So you will free up some funds that you can use to pay off the smallest debt.
Step 6
Be sure to write down how much you have been able to "save" on paying off debts in general. For example, as a result of lower debt payments, you now have 1,000 at your disposal.
Step 7
Now rewrite the entire plan for paying off debts, except for the very last, insignificant. Use all the freed up funds to pay off the smallest debt.
Step 8
When you pay off the smallest debt, move on to the next one on the list. You can pay it out of the money that used to be used to pay the smallest debt. And so on the list until you pay off all your debts. If you follow the plan, you can do it easily and effectively.
