Survivify: Family

Getting out of debt is a lot like losing weight. You have to decide to do it and commit to the process before anything good starts to happen.

One debt reduction strategy is known as "debt snowballing." Simply pay off the smallest debts first and then use the money you have left over to pay down the next biggest debt. This method works because you'll start making progress very quickly, which will help reinforce good habits. As you knock off each debt, you will have more money left over to pay down the larger ones. Another approach is to list your obligations in order of their interest rates, and put more money into paying off the debts with the highest interest rates first.

Regardless of which method you choose, the important thing is that you've decided to improve your financial situation. So, yay! Congrats on taking the first step.

Look on the bright side:

Just think, paying off debts will give you more money to spend all over again!
Managing your spending can't possibly be harder than being broke. It's all a matter of perspective.
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Tips from the trenches:

Avoid payday loans like the plague. In fact, they ARE the plague.
Put money into an emergency fund each month. You never know when you'll be out of a job.
Avoid paying just the minimum amount due each month. This will let you pay the debt off in many fewer years.
Pay yourself. As you eliminate each debt, put the same amount you were paying each month into your savings or IRA.
Steer clear of those debt consolidators advertised on late-night TV.
Living with a budget is not the same as having to say "no" to things you want to do or buy. It's about finding a way to do everything you want to do.
Get to know Excel really well.
Thrift shops are in. You'll be surprised at some of the great bargains you'll find.
Buy household stuff in bulk. Bonus: you'll be prepared for the apocalypse while you save money!
Have a garage sale.
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Survival kit contents:

(replenish as often as needed)

Words of Wisdom

If you think nobody cares if you're alive, try missing a couple of car payments. -Earl Wilson

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them. -Ogden Nash

Don’t let your mouth write no check that your tail can’t cash. -Bo Diddley

Neither a borrower nor a lender be; for loan doth oft lose both itself and friend, and borrowing dulls the edge of husbandry. -William Shakespeare

Creditors have better memories than debtors. -Benjamin Franklin