9 tips to manage your debts - Skeggs Goldstien, Planners, Bella Vista

So, I read this article called “9 Tips to Manage Your Debts” by Skeggs Goldstien, Planners, Bella Vista, and I found it really helpful. As someone who’s been dealing with credit card debt for a while now, I was happy to find some practical tips that actually make sense.

The first point the article covered was to start by organizing your debts and creating a budget. Makes sense, right? It’s hard to manage your debts when you don’t even know how much you owe. I can’t tell you how many times I’ve ignored my credit card statements because I didn’t want to face the reality of how much I had spent.

Another tip the article shared was to prioritize your debts based on the interest rate. The faster you can pay off the debt with the highest interest rate, the less money you’ll have to pay back in the long run. Plus, getting rid of one debt can help give you the momentum you need to tackle the rest.

One thing I found especially useful was the suggestion to negotiate with creditors. I didn’t even know that was an option! The article explained that you can often work out a payment plan or even get a lower interest rate if you’re struggling to make your payments. It might not always work, but it’s worth a shot.

The article also talked about the importance of avoiding new debt while you’re trying to pay off your old debt. I’m definitely guilty of using my credit card when I’m short on cash, but that just leads to more debt in the long run. It’s a vicious cycle.

Overall, I thought the article was really informative and gave me some tangible steps to take towards managing my debt. If you’re someone who’s feeling overwhelmed by debt, I’d definitely recommend giving it a read. It’s a tough topic to tackle, but with some help from experts like Skeggs Goldstien, Planners, Bella Vista, we can get through it.