The path to clearing your debts may be short for some however you could be faced with several years of hardship before you are able to clear them. In either case you need to identify the cause of your problem and try to fix it so that it does not happen again.

Most people fall into debt through no fault of their own. It is often as a result of redundancy or reduced working hours, illness or marriage breakdown. However, it may be that you found using credit cards was too easy or you were unable to resist offers of interest-free credit.

One of the key things to remember is that family pressures will arise due to a lack of money and an increase in both stress and anxiety. This is perfectly natural and understandable so don't be afraid to seek help if necessary. Try to keep yourself occupied. You might find it helpful to join a local support group if there is one in your area.

Below are a few practical suggestions for saving money and staying out of debt in the future: