Would you truly like to pay off your debt? Or even lower it? Well, if that is the case, the free advise I offer you today is not rocket science. I will be quite frank with you. The only way to pay off the debt you have accumulated is to do two things. They may not be easy. In fact if they were, you would have already done them and be out of debt. But you have got to do them. First, stop spending money on things you don't have to spend money on! Second, after you have stopped this unnecessary spending, you must create a budget and be procactive in eliminating the debt that you already have!

Stop spending your hard earned cash on things you don't have to(and, yes, you are). And start spending it on your debt. Again, this is not rocket science. It is simply a matter of doing it! There are many ways to cut spending. Here are a couple ways. It is a matter of just doing it.

To begin with, pay your monthly bills on time! Take some time and calculate how much money you paid in late fees last month alone. Now, take that amount, say $100 and use it towards this month's monthly credit card payment. It doesn't matter if your minimum credit card payment is $25 or $75, by paying more than your minimum required payment, you are lowering the principal balance and getting closer to paying that debt off completely. Cut down on eating out. How much is it costing you to eat dinner at a resturaunt versus cooking at home? If you don't know you better make a budget as soon as possible and figure it out because you are probably have another $150 that can be used to get debt free.

Be procactive! Take some iniative to contact your creditors and negotiate better terms on your accouts. They will work with you if you take the right approach. Creditors would much rather have some of your money than none of it. Any of your past debt that has gone to collections and is affected your credit score can be handled with this approach. For example, contact the collection agency and offer them 25% of the balance that is owed on your account. They may not take $250 on a balance owed of $1,000 right away, but keep this in mind, they have received nothing from you in quite some time. Moving forward $250, in their minds, might be all they get. They will eventually take it, or an amount close to it, if the alternative is getting nothing from you ever. Using the right approach will also get you do the following. Creditors would much rather lower your interest rate than have you close the account and start paying it down. This is your debt, pull your credit report and work to eliminate it.

Cutting your spending and paying off or down your current debt can only work if you have a budget. If you have not created and used workable budget, do so immediately. It is the only way to track how much money you can save and potentially use to pay off debt. Whether you are just getting started or have been in the process of it, the abovementioned cash mangement concepts are examples of how to pay off debt.

Taking action and getting some sort of debt relief will move you towards being debt free. Peace of mind will be your reward.