You have let yourself go in the use of your credit cards and surprise! You already have a few outstanding debts accumulated. Do not worry, you are not alone; There are many who can understand your situation because they are immersed in it. But it is time to take action, tighten your belt and say goodbye to a few luxuries and facilities in a while. With dedication and much discipline you can liquidate them all. As we said, many of your customs will have to change from now on. Here are some of the things you should do if you are in debt. Take note!

See the reality

debt free

Many of the people who are sunk in debt to the neck have a hard time seeing reality or starting to take action on it. But to get out of the problem, recognizing it is the first step. If necessary, talk to someone you trust and find your creditors so they know you are willing to take action on the matter. But in no way do you forget that you need a change in your lifestyle.

Get away from your credit cards

Get away from your credit cards

It will be difficult but not impossible. It is important that you do so because that way you stop exposing yourself to the risk of filling yourself with more debts than you already have, something you don’t need. You can order them from someone you trust or put them in a drawer where you know you are not going to take them out. On luxuries like eating in restaurants and going to the movies, say goodbye for a while. Surely you have good movies and food at home, as long as you don’t use the money that may be destined to pay off your debts.

Establish your income and expenses

income and expenses

Obviously we know that you have to eat and stay in addition to paying your debts. Our advice: sit down and calmly define how much you will spend for necessary things and how much you will be destined to pay debts. We recommend the Mint Budgeting App or You Need A Budget apps to help you better organize your finances while you have a lot of debts.

Consolidate Debts

Consolidate Debts

If you have a good record in the credit bureau, you can come with Pubo Finance and ask for a loan to consolidate your debts. How does this work? It is a very good solution because you prevent interests with other institutions from continuing to grow at the same time you can acquire a better rate. Do not miss the tips to conquer an investor.

Pay the lowest value debts first

Pay the lowest value debts first

To free yourself, go paying debts that have less value. You will gradually remove the burden from your shoulders and have much greater control of your finances when it is necessary to pay the major debts.

Take note of these tips to have absolute freedom in your finances. Good luck!