Getting your finances in order can take time — especially if you have a lot of money on the table. Even though they call debt consolidation by a different name in the UK, the process is still the same. You’re going to be rolling all of your debts into one, thus saving yourself on monthly payments and interest. More of your money is going to go towards the principal, which means that a debt that seemed to be impossible to get rid of will actually be a lot easier to handle as time passes. There is going to be a day where you don’t have to think about your debts. There is going to be a day where you don’t think about how much you owe. There will be a day where you don’t dread answering the phone. However, a lot of people have had debt for so long that it’s hard to realize that they have to have a plan for when they don’t have to dread checking the mailbox.

In other words, there’s plenty of life waiting for you when you are finished with a debt consolidation program. The key now is to make sure that you have the time to explore your options and then take action.

When you’re trying to transition into a life that doesn’t include heavy debts, one of the first things that you’re going to need to think about is growth and it needs to be a certain kind: rapid. Even though no one can guarantee that your investments will grow, your chances of having better growth is going to be higher than if you were to just let your money sit idle. There’s risk to everything, so you just need to think about your goals and figure out how much risk you’re willing to deal with. The good news is that you don’t have to be too terribly risky and the bonus here is that you can even get some tax savings in the process.

The approach is going to be to turn to a stocks and shares ISA. ISAs are accounts that are shielded from taxes. Saving money on your taxes is always a good thing, and you will need to make absolutely sure that you take advantage of this benefit. The best stocks and shares ISA can bring incredible value to your portfolio immediately because they run smoothly without really any interaction from you.

It’s reasonable to assume that an Investment ISA can be risky, but again — all things in life are risky. If you really focus on the bigger picture, you’re going to be just fine. Why not get started today?