Be systematic about debt management

[TGW]

It might seem obvious to some, but one tip that is often overlooked by many when living under the burden of high debt is to:  a) move as much of your debt in to long term, low interest repayment (such as home equity lines),  and b) pay off the highest interest debt first.  How many times have I seen young people paying off their school loans or car repayments but at the same time racking up high credit card debt to cover their weekly living expenses.

So many people have the screw tightened on them by high interest credit card debt that they often lose the ablility to look at handling their own situation in a systematic manner.  Time and again I have seen this happen. Have someone else look over your finances, you'll be surprised how much the recommendations of others might help.

[Steve]

thanks for the great tips! sppreciate it man.

[steelson6]

I think another thing is when people get in debt or realize they might be in debt soon they need to get help. If more people got help before they got into debt we wouldn't need to have tons of debt relief firms and we probably as a nation would be in a better position financially. I think if people weren't scared to say they need help and actually get it we would be in a better position. What do you think about this idea?