Tackling debt can be overwhelming, but breaking it down step-by-step can help. First, take a biiiiig deep breath — you’re not alone. The average Canadian has around $20,000 in debt. Once you’re feeling relaxed, whip out an Excel sheet (or pen and paper if you’re feeling vintage) and list your debts. For each one, jot down the amount owed, the minimum monthly payment, and the interest rate. Next, make sure your monthly budget leaves cash for all those minimum payments, plus a little extra if you can swing it. Now, choose a strategy that fits you: the avalanche method, where you knock out the highest-interest debt first, saving you money in the long run, or the snowball method, where you tackle the smallest debts first, which can be motivating as you see debts disappear faster. Pick the method that keeps you motivated and fits your situation. Remember to keep up with minimum payments and keep track of your progress.