How can I effectively reduce my debt?

How can I effectively reduce my debt?

To reduce debt, start by creating a budget to track your expenses and income. Have you done that?

Not yet, but I can. What should I include in my budget?

Include all your income sources, fixed expenses like rent, and variable expenses like groceries. This will help you see where you can cut back.

That makes sense. What about prioritizing my debts?

You can use the avalanche method, paying off high-interest debts first, or the snowball method, paying off the smallest debts first. Which do you prefer?

I think the snowball method sounds motivating. Any tips on staying motivated?

Set small, achievable goals and celebrate your progress. Also, consider joining a support group or finding an accountability partner.