Many of us have debts in one form or another. It might be personal or car finance, hire purchases or a store card. Managing multiple repayments can be tricky, and if you don’t have a plan of attack, it’s easy to feel overwhelmed. First, make a list of all your debts and use it to devise a strategy. One approach is to start by tackling the debt with the highest interest rate. Or start with a quick win, and pay off the one with the smallest outstanding balance first. Another angle of attack is to pay the debts you won’t build up again – such as a personal or car loan. Once they’re gone you know they’re unlikely to come back. If you have a number of smaller, high interest debts, putting them all into one manageable debt consolidation loan could make life easier, and ASB can help you arrange this. A debt consolidation loan has a fixed term, with just one fortnightly or monthly bill – less ongoing admin and a date when you know these debts will all be repaid by. So try to keep up those minimum repayments, make a plan of attack and stick to it. For other ideas, check out more ASB Money Tips.