If you don't get good control over your debt, it will follow you around. It will hover over your head like a storm cloud as you're going about your day, trying to finish your work, running your errands and talking to friends. This is the right time to take control of it. Here's how:

Admit That You Have a Problem

Debt denial is a real thing. You're aware that your budget is tight, and the unpaid bills are looming over your shoulder, but you don't want to accept that you have an issue with money. If you're not sure about your financial status, you should check the signs that you have debt denial and see the proof with your own two eyes.

As the saying goes, the first step is admitting it. The moment that you accept that you have a debt problem is the moment that you can move forward and get closer to taking control over it.

Make a Debt Repayment Plan

You need a plan to help you rearrange your budget and schedule your payments. A plan will also push you to stay motivated so that you stick to your responsibilities. When you work on a goal without any planning, it's all too easy to get overwhelmed and give up. Preparation is key.

How can you make a plan? The best way to start your debt repayment plan is to use a debt calculator to see what you can realistically budget every month to accomplish the goal in five years. A good debt calculator will also show you what the amount will look like if you undergo debt relief strategies like credit counselling or a consumer proposal. The comparison will give you a better idea about whether it's wiser to deal with the task on your own or get some professional assistance.

A debt calculator will do more than clarify your budgeting needs and repayment strategy. It will show you that your end-goal of being debt-free isn't impossible. One of the best ways to accomplish big goals is to divide them up into smaller easy-to-follow goals so that you can stay motivated and reach that faraway finish line. Putting away $25 every single week sounds a lot easier than saving over $1000 by the end of the year.

Get Professional Help

If you're really overwhelmed by your debt, and you don't think you can take care of it all on your own, that's okay. Sometimes, the greatest way to help yourself is to reach out to someone else.

A professional can guide you in the right direction, no matter how bad you think your debt is or how long you think it will take to recover. You're not the first person they've helped — and you won't be the last. There's no need to feel like you're the only one who has been in this position before.

A licensed insolvency trustee is your best bet for getting serious debt help. They offer credit counselling services to give you the tools to break bad spending habits and build a secure financial future. They also offer services like consumer proposals and personal bankruptcy services to anyone that's struggling with insolvency and needs an effective way out.

The power to change your life is in your hands. You can do this. Take the initiative to get control of your finances and say goodbye to your debt.

Author's Bio: 

Lesley Madden is 40 something year old mother of two that also looks after her aging parents. She’s seen it all and looks forward to sharing her family health stories