Dealing with debt can feel like a hopeless situation.You try your best to make your payments, but interest charges eat up all your progress. The next month, you’re back to square one.
Once you have a basic budget in place, take a look at your discretionary spending (your “wants”) and look for opportunities to cut unnecessary spending.
It’s easy to feel overwhelmed when tackling your debt. There can be many competing priorities, including keeping up on the bills, paying off debt, saving for retirement, buying a house, etc.