Debt Management

Q:"How do you eat an elephant?" A:"One bite at a time!"

If you are in debt, more than likely the unopened bills are piled up out of sight on top of the fridge or somewhere else! lol

From doing your "budget" you now have a list of all your creditors (companies you owe) from the largest amount down to the smallest amounts with the monthly repayments.

There are two scenarios:

No.1: Your income is not enough to cover your expenses and debt repayments.

No.2: Your income is enough to cover your expenses and debt repayments.

Scenario No.1: If your income is not enough to cover your expenses and debt repayments:

I will be discussing this in further depth in my next post...