Are you keeping track of your debts?
Keeping track of your debts doesn’t mean just trying to remember who you owe and how much you borrowed. Trying to keep up with due dates, interest costs and how much you paid is a lot easier if you have a system.
First, make a list of all your debts - credit cards, student loans, the money a family member loaned you… all of it. Now you need to organize them. You can do either highest to lowest balance, or highest to lowest interest rate. This will help you figure out which debts you need to prioritize.
You also need to be tracking your payments AND planning out your payments. I developed a spreadsheet for this when I was struggling with debt myself. This helped me plan out the best payment strategy.
Learn more about my debt repayment strategy when you sign up for my Debt Do Over course. Click here to access it!