This is an excellent question, and I’m sure all of us rack our brain to see how we can rid of debt. Do you have a lot of debt or just one large one? If you have a lot of debt, you might want to consider paying off the smallest one first. Keep in mind, this will probably require you to tighten your belt on some things like entertainment, eating out, buying clothes you don’t need, etc. Paying off debt requires a lot of discipline, but you’ll feel so much more relieved when you get it paid off. Also, if you can or are interested, you can get a second job to pay off the debt that you owe. Either way, you’ve probably learned your lesson when it comes to budgeting and will think twice before you obligate yourself to any long term credit contracts.