Start by listing all your debts, including credit card balances, student loans, and any other outstanding payments. Note the interest rates, minimum payments, and due dates for each debt.

Focus on paying off high-interest debts first while maintaining minimum payments on others. This approach, known as the avalanche method, minimizes the amount of interest you pay over time.

Create a monthly budget that allocates funds towards debt repayment. Use budgeting apps like Mint or YNAB to track your expenses and ensure you’re staying within your limits.

Debt consolidation involves combining multiple debts into a single loan with a lower interest rate. This simplifies repayment and can reduce the total interest paid. Explore options like personal loans or balance transfer credit cards.

Whenever possible, make extra payments towards your debt. This reduces the principal amount faster, lowering the interest accrued.

If you receive unexpected money, such as tax refunds or bonuses, use it to pay down your debt. Avoid the temptation to spend it on non-essential items.

Identify areas where you can cut back on spending. This might include dining out less, canceling unused subscriptions, or opting for cheaper alternatives.

Consider taking on a part-time job or freelance work to boost your income. Websites like Upwork and Fiverr offer opportunities for students to earn extra money.

Having an emergency fund provides a financial cushion, preventing you from relying on credit cards for unexpected expenses. Aim to save at least three to six months’ worth of living expenses.

Develop good financial habits such as living within your means, avoiding unnecessary debt, and regularly reviewing your financial goals. These practices will help you maintain financial stability.

If you’re struggling to manage your debt, consider seeking help from a financial advisor or a credit counseling service. They can provide personalized advice and support to help you get back on track.