Taking an honest look at your money situation could be the hardest thing you do this week. If it's weighing on your mind anyway, you might as well take the plunge. Start by making a list of all your debts: who you owe, how much, the interest rate, and the minimum payments. It might not be a pretty picture, but laying it all out could actually help you sleep better at night. Now, let's look at the bigger financial picture:
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By this point, you've taken an honest look at where your finances stand. Congratulations! That's further than a lot of people get, and you should be proud of your effort to get out of debt. The next step is to sketch out what changes you can make to get that debt out of your life.
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After you put together a plan to eliminate your debt, take some time to tweak it. (After all, you need to be able to live with it long-term.) Once your plan is in motion and some of those debts are getting paid off, here are some more things to consider:
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