Feeling burdened by debt? The good news is that a solid plan can help you take charge and pay it off sooner than expected. No matter the type of debt—credit cards, education loans, or car payments—these tips will put you back in control of your finances.

The first step is to list all your debts, from the smallest to the largest, including their respective interest rates. Using the snowball approach, which focuses on clearing smaller debts first, can create motivation and momentum. You could also try the avalanche strategy, paying off debts with the highest interest rates first to reduce costs. Regardless of the method, staying consistent with your efforts is essential.

The next step is finding ways to generate additional income. This might mean taking on a side hustle, selling unused items, or redirecting any windfalls—like bonuses—towards your debt.

Renegotiating your interest rates or consolidating debts can help make payments easier. With determination and a solid plan, you can eliminate debt faster and start focusing on online financial advisor your financial goals.