If you have been high in debt, paying the minimum amount each month is not the best idea. Here are a few tips on how to get your debts cleared.

1. Try and have an emergency fund. This is something that you need to do early. You could use this money to pay off the amount with the highest rate of interest.

2. Make an inventory of the debts that you have. This will help you decide which ones to pay first and which you can keep for the last. Your inventory must include all your credit card accounts, the account numbers, current balance, interest rates on them, minimum payments on each bill, credit limit and contact number.

3. Start by paying off the highest rates first and then gradually move on to the lower ones. When the highest rate is pad off, you should then move on to the next highest one and gradually move down to the lowest rate.

4. For those who think this to be a discouraging idea could pay off the bills with lower rates first and get some burden off the shoulders. Once you are done with the lower rates, move straight to the one with the highest rate of interest. The idea is to get the debt out of your life and as soon as possible too.

5. Make a payment plan and once you do it stick to your plan until you pay off a certain bill. Move the plan to another credit card bill and keep going till you clear off all of your dues. It might be tough but muster all your courage to get it done because there will be much relief after this.

6. Have good knowledge about your finances. Don't just make a mental promise for the sake of doing it. First see if the plan that you have can be supported by the finances that you have. Track down your spending s and then decide how much you can afford.

7. Pay more than the minimum you think you can afford. This way you can shorten the time for which you would otherwise have had to pay the debt. You may use a credit card pay off calculator to find out how much time you will take to clear off a certain debt based on the monthly payments that you make.