By Sushant Agarwal
Published on | Feb 28, 2025
Grasp the types and amounts of your debts for a clearer financial picture and better management strategy.
Make a budget that aligns with your income and goals, helping you prioritise debt repayments effectively.
Focus on paying high-interest debts first, and consider consolidating for simplified payments.
Identify and eliminate non-essential costs to increase your ability to pay down debts rapidly.
Accumulate a savings cushion to avoid future debts by covering unexpected expenses seamlessly.
Explore additional income sources like side gigs to help pay off debt faster and boost financial stability.
Consult financial advisers for tailored debt management plans that align with your personal circumstances.
Maintain financial discipline and celebrate small victories on your rewarding journey to lasting debt freedom.