Many people get into serious problems with the level of debt that they have to live with, and the bad news is that there is no easy way out of debt. The ways out involve hard work, saving and having a plan to get to the point where you can consider yourself debt-free. Refer to 51 Ways to Get Out of Debt for objective to-do list.
For some people this will mean clearing all debts except for the mortgage, for others they’ll want to clear that too before they feel they can breathe easy. However, as with most things in life, every person’s own perception of their financial situation is different. Some people might be quite happy paying off the minimum each month and accepting the constantly rising interest that is adding to their existing debts, others like to pay their credit cards in full every month and not incur even the smallest amount of interest.