6. Pay Off the Debt 

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High-interest credit card, car, or student loan debt may shatter your budget and sometimes make a living off one salary impossible. Be open to the idea of delaying your deadline if doing so would result in less debt in the long run.

Determine how long it would take you to pay off your debt if you were still a two-income family; remember to consider the additional funds you have now saved due to the reductions you already made.

You can also negotiate a reduced interest rate with the company that issues your credit card or switch to a debt transfer card that gives free or low interest for a while. Consolidating your high-interest debt with a personal loan at a lower interest rate can also assist.

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