1. Budget: Evaluate the monthly income and expenditure, make a detailed budget plan, ensure that the income covers all necessary expenditures, and set aside a part for debt repayment.
2. Cut expenses: Look for possible ways to save money, such as canceling unnecessary subscriptions, buying preferential goods, and bringing your own lunch. , thus releasing more funds for debt repayment.
3. Priority repayment: give priority to repaying debts with high interest, such as credit cards and online loans. Pay off these debts with extra funds other than the minimum repayment amount to reduce the interest burden.
4. Negotiation with creditors: If you can't pay all the repayment on time, please contact the creditors as soon as possible, explain the situation and ask for reasonable repayment arrangements.
5. Seek additional income opportunities: consider part-time, sideline or other ways to earn additional income to speed up the repayment process.
6. Plan long-term goals: In addition to paying off debts, plan future financial goals, such as savings and investment, to achieve financial stability.
Conclusion: Making a budget, cutting expenses, giving priority to repaying high-interest debts, consulting with creditors, seeking additional income opportunities and planning long-term goals are effective ways to deal with this situation and gradually get rid of debts. It is important to stick to the plan and take positive actions to improve the financial situation. Remember, consumption needs to be cautious, and reasonable planning of expenditure is an important step.