A short YouTube talk by Ndubuisi 'Andy' Egwim advising listeners on practical steps to reduce debt, including auditing recurring subscriptions and prioritizing pay-off of high-interest debt. The speaker gives an anecdote of someone finding £350/month in forgotten subscriptions and frames small cuts as a way to free cash for emergency funds and debt repayment.
If there are large debts that you can't pay, at least you can start a plan to attack them. You can actually start doing things. Like Daniel mentioned some really good stuff. He mentioned he looks at subscriptions. Is there any way that he's using. Maybe you're paying for Netflix, Amazon prime and a gym membership and also some random software that you no longer use. I think someone in the money wise Dr. Mastermind found 350 pounds per month that she was just sort of like randomly going because she thought, I don't have any money to save for my emergency fund. Talk of investing. I'm already spending 5k per month. I don't have any money. And she turns out that, oh, there are all this money lying around. So this is one area to explore as well. Okay, so pay off high interest debt.
