SAMSRSL

- Add up debt - you will need to start by finding out all of your statements so that you can add up how much debt you have. This is by far the hardest part of this but you need to do it. Look at all the different places that you owe money, such as for overdrafts, credit cards, loans and things like that. Then add up how much you owe in total. This can be very daunting but it is a really worthwhile step. Once you acknowledge your debt then you can move forward in trying to eliminate it... - Choose which debt to pay off - it can be much easier to pay the loans back one at a time. It is therefore worth deciding which you want to pay off first. It makes sense to pay the one with the highest interest rate off first because it is the most expensive. However, you may prefer to pay the smaller one off first as it will be gone quickly and that will feel more satisfying. There may also be personal reasons for wanting to repay certain debts over others and so it is worth thinking about the order..

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