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Debt can be overwhelming, especially when we’ve taken on too much of it. It looms over our heads, overshadowing everything else at times. Getting into debt has become easier than it once was, and one of the results is more people who have trouble making ends meet.

It may seem impossible to get out of debt. But if the problem is recognized early on, it can be fairly simple to do so. If you have financial problems, here are five ways you can eliminate your debt and get your finances back where they should be.

1. Pay more than your minimum payments. In a perfect world, you would pay off your credit card balances in full every month, but the world is far from perfect. Even if you can’t pay the full amount, paying more than the minimum payment will get your debt paid off much faster. You’ll also save a lot of money in interest, because the minimum payment is almost 100% interest and actually pays down very little of your outstanding balance.

This tip is true for other types of loans and credit as well – car loans, mortgages, etc. In some cases, particularly mortgages, you may be faced with a prepayment penalty, but if there is no penalty for paying your debt off early, you should do so.

2. Cut down your expenses and put what you save toward paying off your debt. If you look at your spending over a month, you’ll most likely find some things that you don’t really need. Every dollar you save and put towards your debt gets you close to being debt-free.

3. Sell things you have around the house that you don’t need or use. Have you got a second car that you don’t use very often? Maybe a second computer that isn’t really getting much use? Even just gathering up things that you don’t need any longer and having a yard sale can help you raise some money for paying down your debt.

4. Find ways to make extra money. You could take on a second job, do some babysitting, or sign up with a direct sales company. If you put all of your extra money toward paying off your debts, you shouldn’t need to do this for very long.

5. Consolidate your debts, but do so wisely. The best way to do this is to transfer all of your balances to a low-interest credit card. That will usually result in lower minimums, but keep on paying as much as you can to get the debt paid off. Avoid using home equity loans or other secured loans to consolidate if possible, because that will put your property at risk unnecessarily.

Getting out of debt may be easier than you think. Often a few minor adjustments are all that’s needed to eradicate a debt problem, especially if it is attended to early on. Then you can learn from your mistakes and keep your debt manageable.

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