Debt Relief Planning: Assess your Financial Situation

A thorough assessment of your financial situation is needed to construct your foundation for financial recovery. Knowing where you are today and what you need to bridge the gap is essential. It also helps to ensure that your plan is realistic, reasonable, and one that you can commit to over time. By maintaining your spending plan (outlined later in this guide), the day-to-day worry about what you can and cannot afford will be removed. It will also help provide you with the single most important thing you can do to improve your situation – stop using credit cards to bridge the gap.