- Create a budget to know your income, expenses and cash flow.
- Trim expenses that are not essential and/or generate more income to have as much cash flow as you can.
- Commit as much income as you can to your lowest debt while making only minimum payments on the rest.
- When your lowest debt is paid in full, “snowball” all you had been paying to it onto you new lowest debt.
- Avoid taking on new debts via credit cards or other loans.
