What you need to start Step 3 You need to know the following. What money is Who you owe How much Whether you available to pay the money to. you owe each have any assets, your debts. See creditor. such as savings, Box 31 in Your vehicles or full budget. equity in your home. You will also need a pen or pencil and a calculator. Why is this step important? This step is important because it explains:  what to think about when choosing your debt solution;  why you need to deal with some debts before others;  when to use the Summary budget for creditors;  how to make offers of payment to your creditors; and  what creditors can do to try to make you pay. Take a breather if you need to The advice in Step 3 will help you to get the best outcome for your debts. Consider taking a break when you need to Need a or when you see this icon. Do first break? Page 44