How to get out of vicious cycle of debt

Summary of article in the Daily Nation by Moses Korir

1. Manage your expenses
2. Prepare a budget before spending
3. increase your savings
4. accelerate debt reduction
5. repay the loans with the highest interest first
6. Find a way to accelerate the loan repayments
7. Negotiate for longer loan repayment periods
8. Negotiate the terms if the fundamentals change e.g. base interest rates
9. Save more and spend less