Are you worried about your mounting debts? Are you trying to hide from your creditors and avoid those threatening phone calls throughout the day? To have peace of mind and enjoy your life you have to be debt free. When there is no burden on your shoulders you will be able to enjoy your life in a better way. There are different ways to clear debt. First you need to have a clear understanding about your debts. How much you owe to which creditor, the rate of interest, payment dates etc. When all these things are clear, you will be aware of the seriousness and take measures to overcome the situation.
Review your expenses. See how much you are spending daily, weekly and monthly etc. See what are the things which are necessary and what are not. You cannot do without food and water. So expenditure on these is fine unless they are not exceeding the limits. Take into account the rent, any loan amount you are paying, other extra expenditure like unnecessary shopping, entertainment etc. All these can be cut down for some time until you make enough savings. You can use the amount to repay the loan instalments etc. Instead of paying the minimums you can pay higher amounts and quickly clear the debt.
Another step towards clearing your debt is to stop using your credit cards. Use cash for shopping. In this way you can reduce your debts mounting up. The best way to stop using the cards is to put them away in your safe so that you are not tempted to use them unnecessarily. As far as possible, use only cash for all your purchases. One of the best clear debt solutions is to pay off whatever amount you owe quickly. In order to pay the money you will need to have extra money. Look out for some part-time job which can fetch you the extra money. With the help of the money you can clear your debts in a shorter period of time.