1. Use an online debt-reduction tool. Take a look at tools like Debt Wise. In just seconds it will show you how much debt you have, the best order to pay it off, and how long it will take to become debt free.
2. Get a Better Rate. Go to websites like creditcards.com or bankrate.com to get the rates your credit card company is giving new customers then call your credit card company to renegotiate your interest rate or get a new card with a better rate.
3. Do the Math. By making minimum payments on a $5000 credit card it will take you a little over 23 years to pay it off. Try to make double the minimum payment on your biggest debt. If you do your debt could be all paid off in less than five years.
4. Speed up your mortgage payments. Pay a little extra every month. If you couldn’t afford the payment on a 15-year loan, then pay extra on your 30-year mortgage by adding around 10% to the payment, making one extra payment a year, or by switching to a bi-weekly payment plan.
5. If you don’t have to have it, don’t buy it. If you want to get out of debt, you have to change the way you spend money. The best place to start is to not buy stuff you don’t absolutely have to have.