Sometimes, life hits you with everything it got and money becomes a real problem. You struggle to make it to the end of each month and the salary seems like it's gone even before you get it on your bank account. To handle your debts is not an easy task, but even if it seems impossible, there must be something you can do.
If you want to take things in your hands and handle your debts, first you need to understand where your money goes and how much budget you have. Numbers don't lie, so make a clear list of things you spend on and then see how much money you have that can support this spending. Most people are unaware of their spending habits and rarely realize that they can do without certain products. At this point, analyze the list and see if there is something that you don't necessarily need. For example, daily spending on chocolate, or alcohol can really add problems to your budget.
Focus on debts that are absolutely most important. Credit cards, food, and taxes are highly important. Everything else can be shortened and excluded from your shopping cart. This means you'll need to prioritize what you spend your money on, and credit card debts are on top of this list. Try to clear this debt as soon as possible. When you clear one card, the money you used to lose there, will automatically transfer to another fund from your list. After the first solved problem, things will easily unravel and you'll soon achieve debt freedom.
If there is still a big hole in the budget, you'll need to try other methods too. Aside from the saving, it will be wise to look for another job. It doesn't have to be something on a long run, and it can only be part-time, but it must be something that will add money to your budget. This way you'll handle your debts more easily. You can only work for a couple of months on this additional job, just to find enough money to close one credit card debt. After you do this, you'll see that your original budget is just enough to make it through the month and you can quit the additional job.
Another advice is to sell everything you don't absolutely need. If you have two cars, sell one, it will probably be enough to close one debt hole. If you owe too much, you can always try the sell and stay option. Sell your house and rent it back. You'll have enough money to return the loans and become debt free. Don't worry, millions of people live as tenants and don't own their own house. If you don't really like the idea, you can sell your house for a certain price and buy a smaller apartment. With the money that's left, you can close your debts.
The most important part is never to hold unused money. Sell and work more - soon you'll be free of debts.