Question

whats the first step in managing excessive debt?
○ get control of your spending.
○ apply for a loan to repay your debts.
○ cut up all of your credit and debit cards.
○ call a debt management company

Explanation:

To manage excessive debt, the first logical step is to control spending. Applying for a loan (option 2) may increase debt. Cutting cards (option 3) is extreme and not the first step. Calling a debt company (option 4) is a later step. Controlling spending addresses the root cause of accumulating debt.

Answer:

A. Get control of your spending.