Making an idea become debt-free. Focus on distinguishing your balance.

Making an idea become debt-free. Focus on distinguishing your balance.

Determine your financial situation

Create a summary of your entire debts.

For every single one, list:

  • Just how much you owe
  • The minimum payment
  • The attention price

Your list may add:

  • Mortgages
  • Car and truck loans
  • Bank card balances
  • Credit line balances
  • Pay day loans
  • Fees your debt
  • Purchase now, spend later balances
  • Unpaid utility bills (cell phone, hydro, cable, etc. )
  • Student education loans
  • Loans from family and friends
  • Spousal support and/or youngster support you borrowed from

More