How To Get Out Of Debt
Get drowned — or it will eat you up
Being in debt can feel like a never-ending cycle.
Every month, you make payments, but your debt doesn’t seem to get any smaller.
It feels never-ending, but you are committed to it.
And that is the exact place I found myself when I started with my home and car amortization payments back then.
I am a bit aggressive — and purchased both by faith.
And now, another piece of property I bought three years ago will start its loan amortization early next year.
With the rising prices — and unexpected expenses for the year, I am pondering what steps I took before so I can apply them again soon.
So if you are all stressed out, wondering if you will ever be able to get out of debt.
The good news is — you can
It might take some time and effort, but there is light at the end of the tunnel.
1. Know where you stand. The first step to getting out of debt is knowing exactly how much debt — you have. Make a list of your debts, including the interest rate, minimum payment, and balance for each one. It will help you create a plan to pay off your debts.
