Sometimes life brings surprises. If you can’t make payments on one or more of your loans, it’s best to take action sooner rather than later. Moving quickly helps you minimize the damage to your finances. Perhaps more importantly, the eventual cleanup is less stressful when you prevent things from getting worse.

Sometimes the solution is easy. For example, if you can’t afford your car payments, it might be possible to sell the car and switch to a less expensive (but safe) vehicle—or even do without a car for a while.

Do you find managing your money complicated and stressful? Money problems can cause huge stresses in our lives and so it is important that this is something you are always keeping on top of as doing so will lead to financial freedom for you later down the road. Below, we are taking you through some simple steps that will help you to work towards being financially free.