This is Part 4 for the series post Debt Control - Debt Fighting Tips, you can read my part 1, part 2 and part 3 by clicking on the links.

Do you know how you spend money monthly? Do you know how much is your debts? Do you know their interest rate? Or the most important is: Do you have a clear picture of your debts?

Sorry for throwing you so many questions in starting of this post. But we really need to ask ourselves those questions. Before we solve a problem, we need to have a clear picture on the problem and then make a plan to solve it. So before we solve our debt problems, we must get handle on the situation.

Debt fighting tips number 3 : Get Handle on Your Situation

Ok, now, after reading this post, what you should do is sit down with all your paperwork. Gather all your bills, statements, everything relating to your debt. Remember to make sure everything is as current as possible. It is wise if you bring your credit report with you so you can include you any old debts listed there.

Add up all your debt first and get a big picture, how much do you owe? Then you list down all the debts so you can identify what you owe and to whom, what your monthly payments and when It is due.

Once you list down all of them, you will have a clear picture on it. You maybe shock and surprise when seeing the reports that you make. But it just starting

PS: I saw a lot of people who can’t or DON’T WANT to do this. Why? BECAUSE THEY DON’T DARE TO ACCEPT THE REALITY! So they will give a lot of reasons to make them avoid this. Anyway there are no one can help you except you help yourself first. Yes I saw a lot of people will run away from doing this little paper works and continue their life without a lot of stress. I hope you are not 1 of them.

Now you know your situation and clear with it. Only then you can making a plan to knock it out.

Financial Freedom, Debt Fighting, Tips

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