9 Best Ways To Take Command Of Your Debt

After the financial hardships of the past year that have affected millions of people across the country, many are working hard to manage their debt. With unprecedented job losses during the 2020 pandemic, many people have relied on credit to make ends meet. 

Meeting your financial obligations head-on is the best way to start making a dent in your debt. So let’s take a closer look at a few ways that you can take command of your debt. 

Know What You Owe

Before you can make a solid plan for managing your debt, you need to have a clear picture of everything you owe. It’s a good idea to create a list of all of your creditors, how much you owe, the number of your payments, and the cost of your interest payments.  

Pay Your Bills On Time

The most obvious way to avoid getting into trouble with your debt is to make all of your payments on time. While this may seem like a workable system, there is more behind the idea than simply paying on time.  

Create a Budget

A great way to better view your finances is to create a simple budget. Always include all of your payments on your budget and list your income.  


Creating a bill payment calendar can help you to stay on target with your debt budget. Using a manual or digital calendar, make a note of when each of your payments is due.  

Minimum Payments

When you are trying to pay down your debt, you may only be able to afford to make the minimum payment. While this is fine, it’s not a solution that will help you to pay off your debts quickly.  

Prioritize Your Debts

When you make a list of your debts, the second step should be to list them in the order of priority. Your mortgage should be at the top of your list.  

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