Are you currently drowing in debt? Are you going out of your mind trying to figure out what you can do? Asking everyone you know what they can tell you about how to get rid of debt?

It’s not unusual in difficult economic times like these that people are struggling under their debt load and looking for ways to get out from underneath it. Especially now that it’s been made more difficult to declare bankruptcy, people are looking for more and more ways to get out of debt.

Here are the two main tips that will help you more than anything, and make sure that you get out of debt as quickly as possible.

1) Focus on One Bill at a Time: If you have four bills you are trying to pay off, and $100 extra dollars over and above the minimum payment to put towards them every month, don’t put $25 towards each. That will get you nowhere fast. Rather, choose the bill which is closest to being paid off, or which has the highest minimum payment relative to how close you are to paying it off, and focus on that one bill. Pay the minimum payment on the other three, and put the entire extra $100 a month towards that one bill. When it is paid off, then take the extra $100 a month PLUS the minimum payment amount of the bill you just paid off, and apply that new extra amount to the next bill of your choosing, while still paying the minimum payment on the other two. Proceed this way until they are all paid off!

2) Increase Your Income: Of course, sensible money management and debt paying techniques may only get you part of the way. You may need to take a good, hard look at your financial situation and realize that the only long term answer is to increase your monthly bottom line. If that’s the case, look at getting a second job. Of course, in this job market, that’s much easier said than done. However, if you do something for work that lends itself to consulting on the side, you’re in luck! Economic climates like this one are perfect for consultants, many of their companies are doing better than they ever have!

If your career, doesn’t fit that, or if you have particular scheduling needs, check out Job-From-Home.com. That site is made especially for people who are looking for part-time or fulltime employment out of their homes.