The first step is to know about all of your debt. How much amount you have to pay on monthly or yearly basis. Full knowledge about your debt will help to create Budget.
Create a budget. You can't make a realistic budget if you don't know about your income sources, expanses and the amount of debt which you must have paid on monthly basis. Gathering all information will help you to make a realistic budget. You can cut short your expanses by prirotizing things which are most important for you. It will help you to make good budget.
Creating budget is useless, unless you track your all expanses. Contrinuous monitoring will help to control the leakages. Remember a small leakage can sink the big ship.
It is important to understand that never take new debt to pay your old debt. It will only add financial burden for the next time. Remember at the end you have to pay all your debt. Best philosophy is to pay your monthly instalment in time and get away from fine and plenty.
Another way of overcoming finacial debt is to create an other source of income. Extra source of income will definitely ease your life and give you relief in debpt payment. It will help to control your budget. It is understandable being in debt you have no equity to invest, but you can earn without investing equity. One of such source of income is Hive Blockchain which may help to earn decent reward on content creation. If you are a good content creator, you can earn decent reward on content creation on Hive blockchain.
You must have confidence on yourself. Your confidence open new ways for you. Remember nothing is impossible in this world. Even the word impossible itself says i'm possible. It is your efforts and take steps in right direction will help to overcome financial debt. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.