How to get out of Debt

"If you are in a hole stop digging!"  Our current plan is to spend our way out of debt nationally. Just invites inflation(hyper?)

Personally here are some tips/plan.  Hope somebody else can write on this as well.

"Pay with cash or do without." No money , no shiny.
I read this years ago, wished I had it tattooed on my brain then!  OK, so I ignored this advice.  How about you?

Stop digging! Start paying with cash, keep tracking it!

This will slow the finical bleeding.

Now, write out ALL your debts.  How much to who.
Order debts from smallest to largest.
Pay more on smallest till it is paid in full.
Roll payment on to next lowest, so on and so forth.

Bought a couple of courses on this, all pretty much the same.  Dave Ramsey does the best job on this stuff.

Back up a step, do you have a Emergency Fund? Before all else stash 2-6 months of money to cover expenses.
Lose your job?  Bank don't care.

Might sell some stuff to raise cash.  eBay is your friend there. 

Think on paper, and don't play the blame game.  Be a grown up and pay your bills.  So what if your now X ran up the tab on the way out.  You got it pay it.

Get another job?  Lower expenses!  Eat at home. Buy tickets early.  Skip some stuff.  Turn off some lights and put on a sweater.  Little stuff will add up.

This is advice I am taking.
Invest in your business and grow your garden of wealth

Tim