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How to start the path to being debt free

Hey everyone,

I am looking to start my journey to being debt free, unfortunately I have accumulated a large amount of debt through college (that I didnt finish) and some credit card loans.

This year I am looking to cut down on spending and focus on paying off all my debt. This is not something I have really done before and was hoping to get some advice from the experts. What are some ways I can start this path while making struggling to pay my bills.

Comments

  • Martico
    Martico Posts: 1,242 Forumite
    1,000 Posts Third Anniversary Name Dropper
    This thread is a good place to start - any questions arising from that, or more details you'd be happy to share, please go ahead. 
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,277 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    After you have read the thread referenced above an soa is the next step. There is a link in my signature. 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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    Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
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