Build the complete list
Record balances, interest rates, minimums and due dates. Exclude nothing because it feels uncomfortable.
04 — The repayment path
Turn balances into a sequence.
Debt becomes more manageable when every balance, rate and minimum is visible. Choose a method you can sustain, then review it when circumstances change.
Protect the minimums
Late fees and missed payments can make the path harder. Reserve minimums before choosing extra payments.
Direct every extra
Apply the planned extra amount to one priority debt at a time, then roll its old payment forward.
The practice
A simpler sequence.
Take these in order, then revisit when the facts change.
- 01
Stabilise
Keep essentials and minimum obligations current.
- 02
Choose
Compare motivation, cost and cash-flow needs.
- 03
Repeat
Recalculate after rate, balance or income changes.