Step #1 in a budget or spending plan is a debt worksheet. Get out a piece of paper and gather all the information about your debt. I like to have a chart to track my payoff progress.
Seriously, now is the time to sit down and face your debts. Finding how much you owe is a big step in making a plan. You don’t have to pay them all off. But, you need to pay off the ones that are high interest rates or high payments. Make it easier to pay for the debts you have by paying off these ones.
Here is my debt worksheet. Print two copies if you have more then five debts.