Set Up a Budget

• Smartmoney.com suggests that setting up a budget will help you save money on small expenses that can be put towards paying off debts. By looking at your budget, you might realize that you're spending $5 on a cup of coffee each morning, which adds up to $150 each month. After looking at your budget, you might choose to cut out these expenses and put the money towards paying bills.
  
  

Make a List of Bills

• MSN Money suggests making a list of bills you owe with the amounts and phone numbers of each creditor. Doing this will help you keep track of the last time you paid each creditor and what your outstanding balance is with each company.
  
  

Prioritize Bills

• MSN Money suggests paying off small bills first instead of large bills if you have a little extra money. This will eliminate the number of bills you have to keep track of and reduce the number of creditors calling your house. Alternatively, you might choose to pay off the bill with the highest interest rate first to save money. Either way, it's important to have a strategy in terms of prioritizing which bills you're going to pay first.
  
  

Consider Debt Consolidation

• Debt consolidation involves taking out a loan to pay off all your debts at once and then paying one payment each month. This can make it easier to pay off your bills because you only have to keep track of one monthly payment instead of multiple monthly payments. However, debt consolidation isn't the best option for everyone, as you might end up paying more interest in the long run, according to MSN Money. You may end up paying less money each month, but it may take you longer to pay off your debt with a debt consolidation loan.
  
  

Eliminate Old Credit Cards

• After you pay the balance off on an old credit card, you might want to consider closing your account by calling your credit card company. This may shield you from the temptation of using the credit card again to make purchases that may lead you back into debt.