5 Steps to Take Toward Paying down debt

Create a budget to know your income, expenses and cash flow.

Trim expenses that are not essential and/or generate more income to have as much cash flow as you can.

Commit as much income as you can to your lowest debt while making only minimum payments on the rest.

When your lowest debt is paid in full, “snowball” all you had been paying to it onto you new lowest debt.

Avoid taking on new debts via credit cards or other loans.