Step 4:  Track Spending and Align your Spending and values

It Helps You Stick to Your Budget, because after you set up a budget, you should track expenses daily to ensure you are staying on that budget. If you don't track your money, you won't know when to stop spending in a given category (food or clothing, for example).

It's not enough to stick to your budget if you don't also make strides toward important saving goals. Whether you set a goal to build an emergency fund, pay down debt, set aside money for retirement, or save for college, vacation, or other short-term goals, you're more likely to achieve these goals if you budget for them, create a savings plan, and then track your spending to ensure that your spending matches your priorities.

Step 5: Use the power of extra payments

There are two monetary benefits to making extra loan payments: saving on interest and shortening the loan term, which means you get out of debt sooner.

Step 6: Consider Consolidation:

Debt consolidation rolls multiple debts, typically high-interest debt such as credit card bills, into a single payment. Debt consolidation might be a good idea for you if you can get a lower interest rate. That will help you reduce your total debt and reorganize it so you can pay it off faster.