The first step to getting out of debt is knowing what you owe. Log in to your credit card accounts online or look at your most recent mailed statement to find out how much debt you have and what your interest rate is. The interest rate often won’t be obvious when you log in to your online account, so you may have to hunt around a bit or open the digital version of your last statement.
Create a spreadsheet or list of your cards, the balance and interest rate for each, and the monthly due date for each one. Do the same for balances and interest rates for any:
Don’t get overwhelmed when you do this—you’re just taking inventory. You don’t need to have all the answers for paying off your debt just yet; you only need to know the details of what you’re working with.