Step-by-Step Guide to Get Out of Debt
14 Steps to Change Your Life
Take these steps as fast or as slow as you can take them. There is no need to feel overwhelmed by them. Take a deep breath… and dive in!Â
Step one
Change Your Mindset
Don’t underestimate the importance of this first step. For myself, it was believing that I had extra money from my paychecks to put towards my students loans. It was also about believing in myself to stick to a budget. Believing the reward would come after the sacrifice. Once you can see yourself doing all these things… your mindset has changed.
Create a Mint.com Account
Three
Four
Five
Step Six
Set Your Budget!
Step Seven
Decide to Commit & Dedicate Yourself
Getting out of debt is not for the faint of heart. It is not easy or quick. Otherwise, everyone would be debt free. Your committment and dedication to tracking your spending and getting out of debt is not a one and done sort of thing. It’s ongoing. It’ll be monthly. Weekly. And for some, daily.

Review Budget Weekly

Re-evaluate Budget Limits

Supplement Income

Left Over Budget Money

Repurpose Extra Income

Tackle Most Expensive Loan
Step Fourteen
Rinse & Repeat
Moving forward, many of these steps will have to be revisited. Whether it’s adjusting your mindset again. Or adjusting your budget limits. Your finances are living and breathing just as much as you. It requires constant tender love and care to thrive and reach new heights never before seen.
It took me a lot of time to figure all of this out. I was constantly tweaking, reworking, and discovering new ways to budget and know 100% where my money was going. I had to be consciously involved 24/7, or spending would get away from me.
Dustin Olsen, A Debt Survivor