Sacrifice for once in the use of your credit cards. It must be a rule posed to yourself that credit cards must only be for emergencies. If you are usually spending with the use of your credit card, do not be shocked to find your credit limit too high. The credit card companies are tracking your expenses so do not fall for this trick. 3) Find out what is the extra amount you can pay - After you have made the minimum payments for all of your listed debts, try to find out if you can spend an extra amount to start paying off your smallest debt. This means that even though you will be reducing all of your debts, your smallest credit will be eliminated much faster than the others. A plan will help you gain a clear perspective of your problem. At the very least, a plan will help you react automatically if you encounter different obstacles on the road to debt elimination. 3) Commitment - Although no one can truly blame a person for declaring bankruptcy, such action is usually taken as a sign of defeat. A debt elimination strategy will help you make sure that no unnecessary effort is exerted. This means that a debt elimination strategy will make you more efficient. A good debt elimination strategy should be suited to your needs. A good debt elimination strategy should always be based on your current situation. Contacts will be able to serve as couriers and open up the table for negotiations on a debt elimination plan. We all now how important connections are in the world today. By maximizing your resources and making use of your personal network, you can open up the possibility that a company will listen to your need for a good debt elimination plan. This thinking limits your ability to work. When you work only to payoff your debts, you will find that you will be less motivated. Since you know that you won't be enjoying the compensation for your work, you won't be able to see the need to work hard. This would cause your work to deteriorate and could even lead to you losing your job.