The paying off debt techniques that we're going to share with you will enable you to eliminate stress and uncertainty by removing that debt burden hanging over your head.
By eliminating your debt, you'll also free up a great deal more cash to put in your pocket.
Eliminating Your Debt Burden The Right Way There is no such thing as a quick fix for debt elimination.
It takes knowledge, discipline, time and patience to get your debt under control and gain financial freedom.
The "good news" is I'm going to help you get on the right track.

1. How much debt do you have?First, you need to understand what you're dealing with.
   I know, this isn't fun, but the best way to come to grips with understanding the size of your debt is by getting out some paper and writing it all down.
   This would include the name of the debt, the monthly payment, the interest rate and the repayment period.
   I know this won't be the high point of your day; but it's important to get all of your debt down on paper so you fully understand what's in front of you and how important it is to eliminate it.
   
2. Making a budgetThis is a crucial step towards eliminating debt.
   The budget will tell you where your money is coming and going, point out areas where you can cut back or eliminate spending, and help you get control of your finances to pay down your debts.
   
3. Eliminate Credit Card DebtsThe best way to start is by paying for everything in cash.
   Cut up all your credit cards except one; and please only use this credit card for emergencies such as a car breakdown or a medical emergency.
   Otherwise, you're going to keep digging yourself deeper into a hole.
   
4. Stop Impulse ShoppingImpulse buying is only going to accelerate your debt situation.
   By putting the brakes on unnecessary spending, you'll be moving in the right direction towards knocking down that debt.
   
5. Living Beyond Your MeansIf this is the case, then you should make some changes.
   One emergency, a few missed payments and you could lose it all.
   Prioritizing is so important.
   For instance, you first need a place to live, so you'll not want to get behind on your rent or mortgage payment.
   You can also sell your new car and buy a used one.