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<\/div>\nTHIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES<\/a>. FOR MORE INFORMATION.<\/i><\/p>\n Getting out of debt can feel impossible when you\u2019re in the middle of it.<\/p>\n I know because I\u2019ve been there.<\/p>\n At my worst, I had more than $10,000 in credit card debt and no real plan for paying it off.<\/p>\n I remember dreading the mail because I didn\u2019t want to see another bill.<\/p>\n I avoided checking my bank account because I was afraid of what I\u2019d find.<\/p>\n And every month, I wondered how I was going to make my credit card payments and still have enough money left to live.<\/p>\n Eventually, I realized avoiding my debt wasn\u2019t making it disappear.<\/p>\n It was only making the problem, and the stress that came with it, worse.<\/p>\n So I finally faced it.<\/p>\n I figured out why I kept overspending, created a realistic debt payoff plan, increased my income, and started putting extra money toward my balances.<\/p>\n I made mistakes along the way, including trying to pay off my debt so aggressively that I eventually burned myself out and started spending again.<\/p>\n But I adjusted my plan, kept going, and paid off more than $10,000 in credit card debt in a little over a year<\/strong>.<\/p>\n In this guide, I\u2019ll show you how to get out of debt step by step, including how to choose which debt to pay first, lower your interest costs, find extra money for your payments, and stay motivated until your balances finally reach $0.<\/p>\n I\u2019ll also show you what worked for me, what didn\u2019t, and the mistakes I\u2019d avoid if I had to do it all over again.<\/p>\n You don\u2019t need a perfect plan to start getting out of debt. You just need a plan you can actually stick with.<\/p>\n The best way to get out of debt is to create a repayment plan that allows you to consistently pay more than the minimum without making your budget so restrictive that you can\u2019t stick with it.<\/p>\n Start by listing every debt you owe, including the balance, interest rate, and minimum payment. Then follow these steps:<\/p>\n The important part is consistency, not perfection.<\/p>\n I learned this the hard way when I tried putting nearly every available dollar toward my debt.<\/p>\n The plan was so restrictive that I began resenting it and started spending again.<\/p>\n Once I gave myself a little room to enjoy life while continuing to make extra payments, I finally had a debt payoff plan I could stick with.<\/p>\n We\u2019ll break down each of these steps below so you can create a plan that works with your income, expenses, and amount of debt.<\/p>\n Before I explain exactly how to get out of debt, I want to show you how I got there in the first place.<\/p>\n Not because my story is unusual. Actually, it\u2019s probably the opposite.<\/p>\n I didn\u2019t wake up one morning $10,000 in debt. It happened slowly, one decision at a time.<\/p>\n It Started With Just $2,000<\/p>\n My credit card mistakes<\/a> started during my sophomore year of college.<\/p>\n Before then, I was pretty responsible with credit cards. I used them and paid the balance off every month.<\/p>\n Then I met a girl.<\/p>\n Suddenly I was going out to dinner more often and buying things I probably wouldn\u2019t have bought otherwise.<\/p>\n By the end of sophomore year, I had accumulated around $2,000 in credit card debt.<\/p>\n I had a summer job, so I decided I\u2019d just pay it off.<\/p>\n Problem solved, right?<\/p>\n Not exactly.<\/p>\n Normally, I saved the money I earned during the summer to pay for books, groceries, and other expenses during the upcoming school year.<\/p>\n Instead, I used much of that money to pay off my credit card.<\/p>\n I started junior year with almost no money.<\/p>\n So what happened when I needed books, groceries, and everything else?<\/p>\n Back onto the credit card they went.<\/p>\n I had paid off my debt without fixing the reason I needed the credit card in the first place.<\/p>\n The following summer, I took a different approach.<\/p>\n Instead of paying everything off again, I made the minimum payments and held onto more of my cash for senior year.<\/p>\n By the time I graduated, I was carrying roughly $4,500 in credit card debt.<\/p>\n When I graduated from college, I had some pretty unrealistic expectations.<\/p>\n I figured I\u2019d land a great job, make a lot of money, and probably be a company vice president within a few years.<\/p>\n Then reality showed up.<\/p>\n I couldn\u2019t find a job.<\/p>\n I became depressed, and shopping became an escape. Buying clothes and electronics made me feel good for a little while.<\/p>\n The problem was that I was spending money I didn\u2019t have.<\/p>\n Even worse, that feeling I got from buying something new started wearing off faster and faster.<\/p>\n For a while, I convinced myself I didn\u2019t really have a debt problem.<\/p>\n Eventually, the balances became too large to ignore.<\/p>\n So naturally, I solved my credit card problem by\u2026opening another credit card.<\/p>\n It offered a 0% balance transfer, and my plan sounded perfectly reasonable.<\/p>\n I\u2019d move my existing balance to the new card, stop spending, save money on interest, and pay everything off.<\/p>\n Except I didn\u2019t stop spending.<\/p>\n Now I had two credit cards with balances.<\/p>\n So I opened a third card and tried another balance transfer.<\/p>\n Same idea. Same problem.<\/p>\n Eventually, my credit card debt grew to more than $10,000.<\/p>\n Looking back, moving my balances around wasn\u2019t fixing anything.<\/p>\n I was trying to solve the math without solving the behavior that created the debt.<\/p>\n My turning point came in a clothing store.<\/p>\n I was trying on a jacket and was about to buy it when something clicked.<\/p>\n I remember thinking: Why am I buying another jacket? I already have three at home, and I don\u2019t even wear one of them.<\/p>\n For whatever reason, that was the moment when I finally saw what I was doing.<\/p>\n I went home, pulled the clothes I\u2019d bought out of my closet and bureau, and piled them onto my bed.<\/p>\n I took a picture of everything so I\u2019d have a visual reminder of how much money I\u2019d wasted.<\/p>\n I did the same thing with the electronics I\u2019d bought.<\/p>\n But I also realized the spending itself wasn\u2019t really my problem.<\/p>\n For me, shopping had become a way of dealing with low self-esteem and depression.<\/p>\n Until I dealt with those issues, moving debt from one credit card to another wasn\u2019t going to accomplish much.<\/p>\n I started working on myself and began seeing a therapist.<\/p>\n Then I started working on the debt.<\/p>\n I got a part-time job and started putting the extra income toward my credit cards.<\/p>\n Eventually, I found a full-time job and was able to make much larger payments.<\/p>\n At first, I went too far.<\/p>\n I thought getting out of debt as quickly as possible meant every spare dollar should go toward my credit cards.<\/p>\n No eating out. No unnecessary purchases. No fun.<\/p>\n It worked financially.<\/p>\n Until it didn\u2019t.<\/p>\n I started resenting my debt because it felt like I was working just to send money to a credit card company.<\/p>\n Eventually, I started spending again.<\/p>\n Fortunately, I caught myself before I undid all my progress.<\/p>\n Instead of abandoning my debt payoff plan, I changed it.<\/p>\n I gave myself a reasonable amount of money to enjoy life and continued putting the rest toward my debt.<\/p>\n That made the process slower on paper, but much more sustainable in real life.<\/p>\n And after a little more than a year, I had paid off more than $10,000 in credit card debt.<\/strong><\/p>\n For years, I thought my problem was credit card debt.<\/p>\n It wasn\u2019t.<\/p>\n The debt was the result of the problem.<\/strong><\/p>\n My real problem was why I was spending money I didn\u2019t have in the first place.<\/p>\n That\u2019s why I think one of the most important steps in learning how to get out of debt happens before you send an extra dollar to your credit cards.<\/p>\n You need to understand how you got into debt.<\/p>\n Because you can have the perfect budget, use the debt snowball, transfer balances to a 0% card, and throw every extra dollar at your payments.<\/p>\n But if you never fix what caused the debt, there\u2019s a good chance you\u2019ll eventually end up right back where you started.<\/p>\n Before you start throwing extra money at your debt, there\u2019s an important question you need to answer: How did you get into debt in the first place?<\/p>\n The obvious answer might be, \u201cI spent too much.\u201d<\/p>\n But that\u2019s often only part of the story.<\/p>\n In my case, overspending was the symptom.<\/p>\n The real problems were low self-esteem and depression.<\/p>\n Buying clothes and electronics gave me a temporary boost when I wasn\u2019t feeling good about myself.<\/p>\n Until I understood that, I could move balances around and pay down my cards, but I hadn\u2019t fixed what was causing me to spend.<\/p>\n Your reason could be completely different.<\/p>\n Maybe you never learned how to budget and simply spend more than you make.<\/p>\n Maybe your income dropped but your lifestyle didn\u2019t.<\/p>\n Maybe an unexpected medical bill or home repair forced you to borrow.<\/p>\n Maybe you\u2019re using credit cards to cover everyday expenses because your income isn\u2019t enough.<\/p>\n Or maybe, like me, spending has become an emotional escape.<\/p>\n The reason matters because different causes require different solutions.<\/p>\n If you\u2019re in debt because your expenses consistently exceed your income, you need to lower your expenses, increase your income, or both.<\/p>\n If an emergency wiped you out, you may need to build an emergency fund alongside your debt payoff plan so the next unexpected expense doesn\u2019t go straight onto a credit card.<\/p>\n If impulse spending is the problem, you need to identify your spending triggers and put barriers between yourself and unnecessary purchases.<\/p>\n And if you\u2019re using shopping to deal with something deeper, simply creating a stricter budget may not solve the underlying problem.<\/p>\n Before moving on, spend a few minutes looking back at how your debt accumulated.<\/p>\n Ask yourself:<\/p>\n Don\u2019t use these questions to beat yourself up over past mistakes.<\/p>\n You\u2019re trying to identify the problem so you can build a debt payoff plan that actually fixes it.<\/p>\n I learned this lesson the hard way.<\/p>\n I tried balance transfers<\/a> and moved my debt from card to card because I thought the interest was the problem.<\/p>\n But I continued spending, so I eventually had balances on multiple cards and more than $10,000 in credit card debt.<\/p>\n I was treating the debt instead of what was creating the debt.<\/strong><\/p>\n Once you understand why you\u2019re in debt, you can start fixing both sides of the problem: paying off what you already owe while preventing new debt from replacing it.<\/p>\n Now it\u2019s time to do exactly that.<\/p>\n Now that you understand why you\u2019re in debt, it\u2019s time to start getting rid of it.<\/p>\n The basic formula for paying off debt isn\u2019t complicated: spend less than you earn and put the difference toward what you owe.<\/p>\n But knowing that and actually doing it month after month are two very different things.<\/p>\n The following steps will help you create a debt payoff plan you can stick with until your balances reach zero.<\/p>\n You can\u2019t create a plan until you know exactly what you\u2019re dealing with.<\/p>\n Make a list of every debt you owe and write down:<\/p>\n Include credit cards, personal loans, student loans, medical debt, auto loans, and any other money you owe.<\/p>\n This part can be uncomfortable.<\/p>\n When I was in debt, I avoided looking at my balances because not knowing the exact number somehow felt better.<\/p>\n But the number doesn\u2019t change just because you don\u2019t look at it.<\/p>\n Once everything is in front of you, your debt stops being this vague financial problem hanging over your head.<\/p>\n It\u2019s a number, and numbers can become a plan.<\/p>\n Add up all the balances to find your total debt. Don\u2019t worry about how you\u2019re going to pay it all off yet.<\/p>\n We\u2019ll get to that.<\/p>\n This sounds obvious, but it\u2019s one of the most important steps.<\/p>\n You can\u2019t empty a bathtub while the faucet is still running.<\/p>\n If you\u2019re paying $500 toward your credit cards every month but charging another $400, you\u2019re technically making progress, but you\u2019re going to be doing this for a very long time.<\/p>\n Look back at the reasons you identified in the previous section and start putting barriers between yourself and new debt.<\/p>\n That could mean removing saved credit cards from shopping websites, deleting shopping apps, unsubscribing from promotional emails, leaving your cards at home, or simply waiting 24 or 48 hours before making an unnecessary purchase.<\/p>\n You don\u2019t necessarily have to close your credit cards or cut them into pieces.<\/p>\n The goal is simply to stop your balances from growing while you\u2019re trying to pay them down.<\/p>\n This was the mistake I made with balance transfers.<\/p>\n I kept moving debt to new cards without stopping the spending that created it.<\/p>\n Instead of solving my problem, I eventually had balances on three cards.<\/p>\n Next, figure out how much money you can realistically put toward your debt every month.<\/p>\n Start with your monthly take-home income and subtract your necessary expenses, including housing, utilities, groceries, transportation, insurance, and minimum debt payments.<\/p>\n Then look at everything else.<\/p>\n You will probably find expenses you can reduce or eliminate and redirect toward your debt.<\/p>\n But here\u2019s where I want you to avoid the mistake I made: Don\u2019t create a punishment budget.<\/p>\n When I first became serious about paying off my debt, I tried putting practically every available dollar toward it.<\/p>\n I left myself almost nothing to enjoy life.<\/p>\n Eventually, I became frustrated, started resenting my debt, and began spending again.<\/p>\n Your budget needs to be aggressive enough to make progress but realistic enough that you can follow it for months or even years.<\/p>\n If leaving yourself $50 or $100 of fun money each month keeps you from blowing $500 after three months of deprivation, that\u2019s money well spent.<\/p>\n It might seem strange to save money when you\u2019re trying to pay off debt, especially if your credit cards are charging high interest rates.<\/p>\n But without any savings, the next unexpected expense can send you straight back into debt.<\/p>\n Your car needs a $700 repair.<\/p>\n The water heater dies.<\/p>\n You have an unexpected medical bill.<\/p>\n Without cash available, the credit card comes back out.<\/p>\n You don\u2019t necessarily need a fully funded emergency fund before aggressively paying down high-interest debt.<\/p>\n Start with a small emergency cushion<\/a> that can handle the kinds of unexpected expenses that normally end up on your credit card.<\/p>\n For some people, that might be $1,000.<\/p>\n For others, it could be one month\u2019s worth of essential expenses.<\/p>\n Once your high-interest debt is gone, you can turn your attention toward building a larger emergency fund.<\/p>\n Now decide which debt you\u2019re going to attack first.<\/p>\n Two of the most popular approaches are the debt snowball and debt avalanche.<\/p>\n With the debt snowball, you pay off your smallest balance first while making minimum payments on everything else.<\/p>\n Once that debt disappears, you roll its payment into the next-smallest debt.<\/p>\n With the debt avalanche, you attack the debt with the highest interest rate first.<\/p>\n Once it\u2019s paid off, you move to the debt with the next-highest rate.<\/p>\n The avalanche generally saves more money on interest.<\/p>\n The snowball gives you faster psychological wins.<\/p>\n Which is better?<\/p>\n The one you\u2019ll actually stick with.<\/p>\n We\u2019ll compare both methods in detail shortly.<\/p>\n Minimum payments are designed to keep your account current.<\/p>\n They aren\u2019t designed to help you get out of debt quickly.<\/p>\n Continue making at least the minimum payment on every debt, but put all the extra money you\u2019ve identified in your budget toward your target debt.<\/p>\n For example, suppose your minimum payment is $150 and you\u2019ve found another $300 in your budget.<\/p>\n Don\u2019t make a $150 payment and let the $300 disappear into your checking account.<\/p>\n Make a $450 payment.<\/p>\n When that debt is gone, take the entire $450 and add it to the minimum payment you were already making on the next debt.<\/p>\n That\u2019s when your payoff plan starts gaining momentum.<\/p>\n Every dollar you don\u2019t pay in interest is another dollar that can go toward eliminating your balance.<\/p>\n Call your credit card companies and ask whether they can lower your interest rate.<\/p>\n You may be surprised by what happens simply by asking, particularly if you\u2019ve consistently made your payments on time.<\/p>\n Depending on your credit and financial situation, other options could include a 0% balance transfer card or debt consolidation loan.<\/p>\n But be careful.<\/p>\n Lowering your interest rate only helps if you stop accumulating new debt.<\/p>\n I learned that personally.<\/p>\n A zero percent balance transfer looked like the perfect solution to my problem, but because I hadn\u2019t fixed my spending, I eventually accumulated debt on the new card too.<\/p>\n Use lower interest rates as a tool for paying off debt, not as an excuse to create room for more spending.<\/p>\n Once you\u2019ve established your regular monthly payment, look for opportunities to make additional payments.<\/p>\n You don\u2019t have to completely overhaul your life.<\/p>\n Look for money that\u2019s already passing through your hands:<\/p>\n Instead of letting these small windfalls disappear into everyday spending, send some or all of them toward your target debt.<\/p>\n Even an extra $50 here and $100 there adds up.<\/p>\n And remember: extra payments don\u2019t have to be permanent to matter.<\/p>\n If you can temporarily cut an expense for six months and redirect $100 a month toward your credit card, that\u2019s another $600 you\u2019ve knocked off the balance before even considering the interest you avoided.<\/p>\n There are only so many expenses you can cut.<\/p>\n Your income, on the other hand, has much more room to grow.<\/p>\n When I was paying off my debt, I got a part-time job and put that additional income toward my credit cards.<\/p>\n Once I found a full-time job, I was able to put my repayment plan into overdrive.<\/p>\n You could pick up overtime, ask for additional shifts, freelance, sell a service, take on a temporary second job, or start a side hustle<\/a>.<\/p>\n You don\u2019t have to do it forever.<\/p>\n If working an extra five or ten hours a week for a year knocks several years off your debt payoff timeline, the temporary sacrifice could be worth it.<\/p>\n Just make sure the additional income actually goes toward the debt.<\/p>\n It\u2019s surprisingly easy for your spending to increase as soon as your income does.<\/p>\n Getting out of debt can take a long time, and staring at one giant number can make it feel like you\u2019re getting nowhere.<\/p>\n I experienced this when I was paying off my $10,000+ balance.<\/p>\n Making a $150 payment didn\u2019t feel like much progress when I compared it with the entire amount I owed.<\/p>\n So instead of focusing on $10,000, I focused on paying off the next $1,000.<\/p>\n Suddenly, I had a goal that felt achievable.<\/p>\n Do the same thing with your debt.<\/p>\n If you owe $30,000, don\u2019t make $30,000 the only victory that counts.<\/p>\n Celebrate when you get below $25,000.<\/p>\n Celebrate your first credit card reaching $0.<\/p>\n Celebrate paying off $5,000.<\/p>\n Celebrate when your monthly interest charge drops.<\/p>\n Celebrate reaching the halfway point.<\/p>\n You don\u2019t need to spend a bunch of money celebrating, that would defeat the purpose.<\/p>\n But acknowledging your progress makes a long debt payoff journey feel like a series of smaller wins instead of one enormous sacrifice.<\/p>\n Every payment is buying back a little more of your future income.<\/p>\n Knowing what to do is one thing.<\/p>\n Actually sticking with a debt payoff plan month after month is where things get harder.<\/p>\n That\u2019s why I created the Debt-Free Blueprint.<\/p>\n It walks you through the process step by step, with 27 lessons, a 100+ page workbook, an automated debt tracker, budgeting tools, and resources designed to help you build a payoff plan you can actually stick with.<\/p>\n Instead of piecing together advice from dozens of articles, you\u2019ll have the entire process organized in one place.<\/p>\n \t\t<\/p>\n \t\t<\/p>\n \t\t<\/p>\n Reading about debt is a great first step, but lasting progress comes from having a clear plan. Debt Free Blueprint gives you a step-by-step system, debt payoff tracker, workbook, budgeting tools, and practical strategies to help you eliminate debt faster and stay motivated along the way.<\/p>\n Take the guesswork out of becoming debt-free.<\/strong><\/p>\n<\/p><\/div>\n \t\t\t \n\t\t\t\t\t\tWe earn a commission if you make a purchase, at no additional cost to you.<\/span>\n\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n Once you have extra money to put toward your debt, you need to decide which debt to pay off first.<\/p>\n Two of the most popular strategies are the debt snowball and debt avalanche.<\/p>\n Both work the same basic way: you make the minimum payment on every debt, put all your extra money toward one debt, and then roll that payment into the next debt once the first one is gone.<\/p>\n The difference is which debt you attack first.<\/p>\n With the debt snowball method, you organize your debts from the smallest balance to the largest balance, regardless of the interest rate.<\/p>\n You put all your extra money toward the smallest debt while continuing to make minimum payments on everything else.<\/p>\n Once the smallest debt is paid off, you move that entire payment to the next-smallest debt.<\/p>\n For example, if you have:<\/p>\nQuick Answer: How to Get Out of Debt<\/h2>\n
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My Debt Story: How I Ended Up With More Than $10,000 in Credit Card Debt<\/h2>\n
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After College, Things Got Worse<\/h3>\n
The Jacket That Finally Woke Me Up<\/h3>\n
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<\/figure>\nHow I Finally Paid It Off<\/h3>\n
The Biggest Lesson I Learned<\/h3>\n
Before You Pay Off Debt: Figure Out Why You\u2019re in Debt<\/h2>\n
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<\/figure>\nAsk Yourself These Questions<\/h3>\n
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How to Get Out of Debt: 10 Steps That Actually Work<\/h2>\n
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Step 1: Add Up All Your Debt<\/h3>\n
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Step 2: Stop Adding New Debt<\/h3>\n
Step 3: Build a Budget You Can Actually Live With<\/h3>\n
Step 4: Build a Small Emergency Fund<\/h3>\n
Step 5: Choose a Debt Payoff Strategy<\/h3>\n
Step 6: Pay More Than the Minimum<\/h3>\n
Step 7: Look for Ways to Lower Your Interest Rates<\/h3>\n
Step 8: Find Extra Money to Put Toward Your Debt<\/h3>\n
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Step 9: Increase Your Income<\/h3>\n
Step 10: Track Your Progress and Celebrate Milestones<\/h3>\n
Want a Step-by-Step Plan to Get Out of Debt?<\/h2>\n
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\n\t\t\t<\/a>\n\t\t<\/div>\n
\n\t\t\t\t\t\tReady to Finally Get Out of Debt?\t\t\t\t\t<\/a><\/p>\n
\n\t\t\t\tStart Your Debt-Free Plan\t\t\t<\/a><\/p>\nDebt Snowball vs. Debt Avalanche: Which Should You Use?<\/h2>\n
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Debt Snowball<\/h3>\n
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