4. Find new ways to save or even make money

Become a savvy shopper. Cut coupons if need be and watch for deals online or in publications. Cut down on extravagances. Eat dinner in more, go to a matinee instead of an evening film and look for discount tickets to entertainment events. Websites like Funcheap.com and Wisebread.com can be very useful when you’re trying to find something to do that doesn’t cost much money. If you have any assets that you don’t need (electronics, jewelry, cars) sell them on eBay or through another venue. Take that money and pay it to your lenders and credit card companies.

The basics of getting out of debt aren’t complicated, but they do certainly take some self –restraint. Don’t get discouraged if it takes a while to get out of debt. You’re not alone. Americans are in nearly $2.4 trillion of debt, which averages out to $7,800 for every U.S. citizen. If you’re already on the path to paying back your debt, you’re doing better than most people.