#1. Figure Out How Much Debt You Have
This may seem like an obvious first step, but it's important to know exactly how much debt you're dealing with before you can develop a plan to pay it off. So, sit down with all of your bills and statements and add up the total amount you owe. This number may be daunting, but knowledge is power and now you have a starting point for getting out of debt.
#2. Create a Budget
Once you know how much debt you have, it's time to start making a plan for how you're going to pay it off. This begins with creating a monthly budget. When creating your budget, be sure to include all of your income sources as well as your fixed expenses like rent or mortgage payments and utilities. Once you've accounted for all of your mandatory expenses, you can start allocate funds towards paying off your debt.
#3. Make More Money
In addition to creating a budget, another way to free up money to put towards your debt is to increase your income. If you can find ways to bring in more money each month, you can snowball that extra cash into paying off your debts even faster. There are a number of ways to do this including picking up a side hustle or asking for a raise at work.