From Red to Green: Strategies to break free from overwhelming debt

No matter how deep you are in debt, there’s always a way out. However, that doesn’t mean the way out is easy, comfortable, or without consequences. You have to choose the path that’s right for you. Here are several helpful suggestions.

Everything starts with understanding your current financial situation and creating a realistic spending plan that aligns with your income and expenses. A spending plan, also known as a budget, allows you to allocate every dollar of your income toward specific expenses, no matter how large or small. The goal is to give every dollar a purpose – and to maximize the purpose of each dollar.