A. M. 
Closing the year dragging debts can be an emotional and financial burden. However, experts agree that there are practical strategies to regain control of personal finances and start the new cycle with greater economic peace of mind. The key is to get organized, prioritize and act with determination.
The first step to put an end to debts is to make a detailed inventory of them. This involves listing each obligation, including amounts, interest and due dates.
Once identified, it is important to prioritize debts according to their urgency or financial cost. Experts suggest using strategies such as the snowball method, which consists of paying the smallest debts first, or the avalanche method, focused on those with the highest interest. Either of these options allows tangible progress to be made and motivation to be maintained.
Finally, adjusting the personal budget is essential. Reducing unnecessary expenses, increasing income through additional activities or sales of non-essential items, and avoiding new debts are actions that make a difference.
Applying these strategies not only helps to become debt-free, but also strengthens financial habits for the future. With discipline and focus, it is possible to transform a situation of financial stress into an opportunity for learning and growth.
