How To Get Out of A Debt Hole

Debt can cripple your finances and your life, but if you find yourself in a debt hole what can you do to get out of it?

I personally found myself in a lot of debt, experienced the overwhelm and had to claw my way out of it. Here are some of the things that helped me.

Free budget template

0:00 – Introduction
1:05 – Being in debt is super common
1:42 – Admit that you messed up
3:39 – Write down all of your debts
4:45 – Let the overwhelm wash over you
5:26 – Create a budget where your debt payments are automatic
7:16 – You may need to take drastic action
8:42 – Stop yourself getting into more debt
9:11 – Accept generosity but don’t expect it
10:39 – Bring people around you who will support you paying off your debt
11:39 – Focus on earning more money
13:48 – Build up a buffer
15:22 – Pay off those debts in a way that works for you
17:32 – Summary

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