The key to getting out of debt for good is to recognize that you're going to make errors but that you're still willing to attempt. Don't give up simply because the going gets tough. We've all made and will continue to make errors. But you must overcome your fear and hop off the hamster wheel. If you're serious about wanting to stop being broke for good, then you need to take specific actions to ensure that doesn't happen. The first thing you need to do is create a budget that takes into account all of your debts. Make sure that it's not just a simple income statement. Also include any other information that may be relevant such as allowances for savings or emergencies. After creating a budget, check it regularly to see if you're spending more than what's coming in. If you are, then you need to cut back on some expenses. This might mean reducing your monthly food bill by $20 or reducing your phone bill by $50. You need to determine what you can afford rather than just writing a check when you receive your bills. Once you've reduced your expenses, you need to increase your income. This could be done by looking for part-time work, taking advantage of promotions or raises, or starting a side business. Just make sure that whatever you do, it's something that won't cause you financial harm.