Debt management is essential for maintaining financial stability and achieving long-term goals. Start by assessing your current debt situation, including interest rates and payment terms. Prioritize high-interest debts to pay off first, while making minimum payments on others. Consider consolidating debts for lower interest rates or negotiating with creditors for better terms. Creating a debt repayment plan can help you stay organized and motivated. Additionally, avoid accumulating new debts by sticking to a budget and only using credit when necessary. With effective debt management, you can regain control of your finances and work towards a debt-free future.