Debt sculpting

Debt sculpting is like making a really big sculpture with a bunch of little pieces of dough. Except instead of dough, it's money.

Imagine you owe someone a lot of money, but you can't pay it all back right away. Debt sculpting is when you come up with a plan to pay the person back over time, little by little.

First, you figure out how much money you can afford to pay each month. This is like deciding how many little pieces of dough you have to work with.

Then, you and the person you owe money to come up with a plan to use that money to pay off different parts of your debt. This is like deciding which parts of the dough to use for each part of your sculpture.

Maybe you owe more money on some debts than others, or maybe some debts have higher interest rates. You want to make sure you're paying off the most important debts first, so your plan makes sense and helps you get out of debt faster.

With debt sculpting, you don't have to pay back all your debt at once, but you do have to be disciplined about sticking to your plan and making all your payments. Just like making a sculpture, it takes time and patience, but in the end, you'll have something beautiful to show for it: being debt-free!