Use a Balanced Approach to Get out of Debt

Here's a really sensible article on how to get out of debt - Grow Your Income - Not Your Lifestyle. It's not often you see this type of balance in the media. Most article focus on cutting your spending as do most blogs. In business, we say "you can't cut your way to growth". At some point you have to focus on revenue. Starting your own business is the most overlooked strategy (probably because it requires effort and forces you out of your comfort zone).

And when you make more money, you must be cautious about just using your extra income to increase your lifestyle. Most people when they get a raise, just increase their spending rather than pay down debt or increase savings.