“Do I really need it?”
It is amazing what we can come to consider essentials these days. Apply the “do we really need it?” principle to your life and you will be amazed at the savings. Your morning coffee (make it at home), that glossy magazine (read the internet), the new release DVDs (rent them) – I have already saved $50 and have not even mentioned the expensive brand label clothing!
Putting the brakes on the extravagant everyday is a real way to save some cash.
Use that cash to reinvest, or just pay down the extra debt that has been weighing you down.