Paying off debt can be incredibly difficult, especially if you are still early in your career and haven’t yet reached a position at your work that pays really well.

Although it may seem incredibly difficult to get out of debt on a low income, it can be done with the right budgeting and consistent execution of the budget. However, it isn’t easy and takes proper planning and financial discipline.

For your benefit, here is a five step process developed to help you payoff your debt in a consistent manner, without sacrificing key parts of your life in an effort to do so.

Find Out How Much You Owe

First and foremost, you need to know exactly how much you owe before you begin to develop a budget to pay off the debt. Continue reading →