Getting Yourself Out of Debt


“The rich rule over the poor, and the borrower is slave to the lender.” – Proverbs 22:7 (NIV)

Do you feel like your credit card debt is insurmountable? The good news is that, no matter how high the mountain appears, you can climb it and pull yourself out of the metaphorical hole you may find yourself in.

Yes, it is possible to climb out of credit card debt, no matter how overwhelming it may seem. The first step in getting out of debt is to assess your financial situation and create a budget that works for you. This means tracking all of your income and expenses, and identifying areas where you can cut back on spending.


Once you have a budget in place, you can focus on paying down your debt. There are several strategies you can use to do this, including the snowball method, where you start by paying off your smallest debt first and work your way up, and the avalanche method, where you focus on paying off your debt with the highest interest rate first.

It’s also important to consider ways to increase your income, such as taking on a side hustle or negotiating a raise at work. And if you’re struggling to make minimum payments on your credit cards, you may want to consider debt consolidation or speaking with a debt counselor for additional support.

In addition to these strategies, it’s essential to practice good financial habits going forward to avoid falling back into debt. This means creating a realistic budget and sticking to it, avoiding unnecessary purchases, and building an emergency fund to cover unexpected expenses.

Overall, getting out of debt requires a combination of discipline, perseverance, and a willingness to make changes to your financial habits. But with the right mindset and strategies in place, it is possible to climb out of debt and achieve financial freedom.

Here are some ways to tackle that debt and bring it down to size: 

  1. Only buy what you can afford. The best way to keep debt from becoming a problem is to avoid the problem altogether from this point forward. Rather than splurging on a fancy piece of electronic hardware, just wait and save up for it.
    • By staying within budget and paying off your bills every month, you don’t need to worry about debt piling up on top of you.
    • You can still get out of debt and feel the sweet relief of being debt free by changing your mindset from “having it now” to one of enjoying it even more when you have the money.
  2. Pay off the lowest balance first. Financial advisor Suze Orman often advises people in debt to take care of the higher interest debts first. In general, this is a good way to go, however, if you have a credit card with a balance of only a couple hundred dollars, it would also be beneficial to knock that one off right out of the gate.
    • You can eliminate a whole payment, save on interest charges, and put that money towards another bill.
  3. Prioritize bills by interest rate. In the long run, paying off the higher interest cards first will save you the most money. It’s usually the interest that keeps knocking you back. By taking out the higher interest cards, you’ll feel a greater sense of progress when paying your bills every month.
  4. Consolidate. One of the more overwhelming aspects of being in credit card debt is constantly being reminded of it with so many bills from different cards. One way to fight back is to consolidate your debt. You can do this by either taking out a loan from a bank or transferring the balance to another card.
    • If you recently got a new credit card, you can transfer a portion of the balance to that. This will save you a bit of interest since most cards will put that balance under the introductory rate.
    • If you take out a loan, you can pay off several of the cards and reduce the amount of mail you receive. It’s less daunting psychologically to receive one big bill as opposed to a bunch of tiny ones.
  5. Convert to cash and debit only. One of the best ways to keep yourself in debt is to keep using your credit cards. They’re convenient and it’s easy to justify their occasional use by saying that it’s only a soda or a tank of gas.
    • Those tiny charges add up quick! A dollar here, a few more there, and you’ll negate the payments that you’re making in a very short amount of time.
    • Paying with cash will help you develop new spending habits. By the time you get your debts paid down, you’ll have disciplined yourself to the point where you no longer put yourself in that situation.

Debt is a problem that happens to nearly everyone at some point. Even wealthy people find themselves overextended by debt.

Don’t let a tight budget hold you back from achieving your financial goals! With a little determination, focus, and hard work, you can overcome your debt and the stress that comes with it. So, stay positive and keep pushing forward, because the reward of financial freedom is well worth the effort!.

This concludes our training for today. In the battle for a better life? We invite you to advance your personal development and financial literacy education by subscribing to Battle Call Academy. Get access to resources that will help you elevate your financial IQ, enhance internal / external communication skills, and create a prosperous outlook.

Until next time: God bless, stay positive, and be true to you.

More To Explore

What Are the Seven Deadly Sins?
Spirituality & Religion

What Are the Seven Deadly Sins?

The Seven Deadly Sins are a concept in Christian theology that refer to a set of vices that are considered to be particularly dangerous and

Wellness / Fitness / Health

The Benefits of Zinc Supplements

Adding more zinc to your diet with the right food or supplements can have a number of beneficial effects on your health. Zinc is necessary for

Finance & Money

How to Transform Your Money Mindset

When you think about money, what are the first thoughts that come to mind? Have you ever thought to yourself, “Money disappears fast,” “Money is


Share This Battle Call

Improve Your Life with HolyCiti Self Mastery Community

Change your thoughts,
change your life.

Receive The Battle Call in Your Inbox

Cultivate strength, insight, and wisdom to live your best life.

The Battle Call

We won’t send you spam. Unsubscribe at any time.

Holy Armory

Jesus Retro Unisex t-shirt

Jesus is a central figure in Christianity, revered by millions of believers around the world as the Son of God and the savior of humanity. He is known for his teachings of love, compassion, forgiveness, and social justice, which have had a profound impact on the world’s cultures and societies. For Christians, Jesus represents the ultimate example of what it means to be a human being, and a source of strength and inspiration in times of difficulty and adversity. Jesus is a symbol of love, compassion, and hope that has touched the hearts and minds of people of all ages and backgrounds, and continues to inspire and transform lives today.

View Product »