Getting started can be difficult but it is essential in reducing your debt. The first and most important thing you will need to do is stop creating new debt! This means don’t take out new loans, and seriously consider the options before transferring loans or moving due dates. Second, analyze your debt. Create a budget and pinpoint where and how you are spending your money. Find out if it is worth your current interest rates and the amount of money you will eventually need to pay back. Third, sell something. Find clothes, shoes or even furniture around your house that you have no use for and sell them. This can bring in extra cash to help pay off existing debt. Next, consolidate your existing debt. Try and refinance your loans to get your debt paid off faster. The final step, increase your income. Whether it’s asking for a raise, or scoring a second job; increasing your income can have a significant impact on your ability to pay off debt faster. Start using these five important steps and you could be debt free in no time. This is just another way CCFCU is present for you!