We all want to get out of debt, but it can prove extremely difficult at times, especially with the economy as it is at present. There are 3 hints, however, which will see your debt decrease.

The credit cards have to go, simple as that. Before you say anything, yes you can live without them. If you use them to do all of your shopping well, you will have to use cash instead.

Nobody can be debt free if they are still spending on their credit cards. Your credit limit will keep rising, your monthly payments will keep rising and you will soon find yourself on a downward spiral. Better to give them up than have them taken away from you.

The biggest saving you can make is on the amount of cash you spend every month on things like eating out, buying gadgets on impulse, long lunches and drinks with friends. Yes, everyone needs a social life, but not such an expensive one!

Cutting out the regularity of these will not affect your health or well being on any way, but it will affect your wealth. Try cutting out all luxuries like this for one month, then see how much you have left at the end of it. This lump could pay off a debt.

The last way is to get more income. You could do extra shifts or take a part item second job.

A second job could come in very handy if there are no extra shifts available where you are working at the minute. This lump of money will do a long way towards decreasing that debt.

So, the credit cards have gone, you aren’t going out and you are working extra hours. Okay, life may seem pretty hard but think about how you’ll feel when you pay off that debt and have the satisfaction that you worked to get rid of it?

Refer to additional articles penned by this author regarding subject matters including Not Your Daughter Jeans and Chip and Pepper Jeans.