How to Tackle Debt and Build Financial Confidence

Debt can feel like a heavy backpack you’re carrying everywhere—always weighing you down, limiting what you can do. But here’s the thing: you can take control of it. The key? A plan that works for you.

Step 1: Understand Your Debt

Not all debt is the same.

• High-interest debt (credit cards, payday loans) should be tackled first.

• Low-interest debt (mortgages, student loans) can be managed over time.

List out your debts, their interest rates, and minimum payments. Clarity is the first step to confidence.

Step 2: Choose a Repayment Strategy

• Debt Snowball: Pay off smallest debts first for quick wins and motivation.

• Debt Avalanche: Pay off highest-interest debt first to save the most money.

There’s no “one-size-fits-all” approach—choose the method that keeps you motivated.

Step 3: Build Financial Confidence

• Celebrate small wins. Paid off a credit card? That’s a huge deal!

• Shift your focus to financial growth instead of past mistakes.

• Make a plan for future expenses, so debt doesn’t sneak up again.

Debt doesn’t have to define you. Take control, step by step.

A Heartfelt Reminder

Debt can feel overwhelming, but you are not stuck. Progress happens one decision at a time. Keep going—you’re moving in the right direction.