Managing debt can be overwhelming, but with the right approach, you can regain control of your finances. Understanding the basics of debt management can help you reduce stress and work toward becoming debt-free. This guide outlines key strategies to effectively manage debt.

• Assess your total debt: List all your debts, including credit cards, loans, and mortgages.
• Create a budget: Identify areas to cut back on and allocate funds for debt repayment.
• Prioritize high-interest debt: Focus on paying off high-interest loans first to save money over time.
• Explore debt consolidation: Combine multiple debts into a single payment for easier management.
• Seek professional help: Consult with a financial advisor or debt management company if needed.

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