Now, your budget and net worth might give you some insight, but I like to write down all my current debt separately. Not only the total amounts, but interest rates, amount of the minimum payments, loan length, etc.
With social media, trying to keep up with friends, and our consumer mentality, we fall into a trap of overspending on things we don’t really need to keep up appearances. It’s okay to live comfortably, but don’t live beyond your means.
Too many times you pay everything else first (like bills), and then by end of the month, there is hardly anything for you to save.
If you reverse the roles, you are more money-conscious to pay your bills on time and reduce frivolous spending.