How to get out of debt Are you wondering how on earth you got into this situation? Crying? Panicking? Blaming? Worrying? None of this is going to help you get out of debt. Remove the emotion and the ponderings and work out EXACTLY what you owe. It is time to face cold hard facts and then we can deal with the problem. Write this figure down and write down exactly what is owed to who. Then breathe. There is work to be done. Work out what you  can do with out. Can you cancel Moshi Monster membership, gym, private tennis lessons for the kids, your weekly Sunday  newspaper, a coffee on the way to work each day, that regular charity donation? Of course you can, none of these are necessities. Make a list of all these things and methodically go and cancel the lot out your life. We are going to attack these debts. So could you cycle to work or car share instead of driving? Maybe you could lose that second car altogether? Can you have pack up instead of lunch out? Can you camp next summer instead of going abroad? Well of course you can make any of these swaps and you must if you are going to get out of debt. This may not be entirely comfortable but you will soon get used to it and it's in a very good cause. Work out what is spare Once you have been ruthless with your outgoings you can