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Being in too much debt is not much fun. If you're in this situation, don't worry, you're not alone. Here's our quick (and we do mean quick) guide to getting out of debt.

Getting out of Debt: Step1 - Spend less that you earn

This really is the cardinal rule when it comes to getting out of debt. If you are able to do this first step, then the rest should come easily. If you spend less than you earn each month, then you'll have money left over at the end of each month to pay off debt.

Getting out of Debt: Step2 - Budgeting

Write down how you earn and what your regular outgoings. Then plan a budget and stick to it!

Getting out of Debt: Step3 - Paying off Debt

With the money that you have left over each month, pay off a bit of your debt. When you do this, you'll find you will have more money the next month, because less of your money is going on interest.

Getting out of Debt: Quotes

"There are plenty of ways to get ahead. The first is so basic I'm almost embarrassed to say it:  spend less than you earn". Paul Clitheroe

"Today, there are three kinds of people:  the have's, the have-not's, and the have-not-paid-for-what-they-have's".  Earl Wilson