The first step is to draw up a budget. List your fixed expenditures and other monthly deductions and tally these up against your income. If your expenses are more than your income, you need to plan how you are going to reduce them. If you have some money left over every month but believe you should be saving more, draw up a budget to stick to and gain control of your expenditure.
Some areas are easier to trim down on, so concentrate on them first. Remember, even the smallest adjustments can make a meaningful difference over the long term.
Once you have trimmed down your expenses, you can start channelling the extra money you have into paying off your debt faster, starting with those with the highest interest rates first.
Make sure your budget has a goal, whether it's to pay off your credit card debt or save money for a family holiday. Working towards a goal provides direction, makes it more fun and delivers a sense of accomplishment when the goal is finally achieved.