Five Easy Steps for a Complete Money Makeover
Managing money and maintaining financial stability is challenging, especially for those knee deep in debt. Sometimes the best course of action is starting fresh with a blank slate.
Here are five easy steps to restoring your control over your finances without turning your life upside down:
Understand Your Debt
Too often, people with a significant amount of debt are only paying off interest instead of the principle. Plus, when inundated under a mound of debt, it can be difficult to figure out a game plan of how to get a handle of debt and actually make headway in paying it down.
First things first, create a spreadsheet of your debt. Include the amount you owe, when it’s estimated you will pay it off, and the amount of interest accruing. Being able to see all of your debt side ...