A recent study conducted by The Urban Institute based on 2016 data from the US Census Bureau has found that a third of Americans are weighed down by debt and feel that they could not get over the burden of finding a way to settle it very soon. Technology has given us the credit card but it has become a convenient way to buy things on impulse rather than necessity. According to the study, US households have accumulated some $904 billion in credit card debt obligations, equivalent to around $15,654 for every household.

Be that as it may, there is a way out of this situation but one that requires personal discipline, prudence, and due diligence. Every company aspires to promote financial wellness for employees and have started instituting programs to ensure that everyone gets to practice sound financial health through proper resource management and personal financial planning.

Get financial advice
Two of the most common sources are programs established by companies promoting financial wellness for employees and financial consultants, so take advantage of it. You can get a lot of positive reinforcement through these programs to help you stay in tip-top financial shape in the coming months and in the long term.

Know your options and make sure to ask questions to help you get on your way to unloading your burden from debt.

Pay your bills
Start by living within your means and stop living on credit. Cut down your spending by rethinking your spending habits and reevaluate your cash flow.

Set aside a portion of your earnings to pay your existing credit card obligations. The sooner you do it, the better as you could continue incurring surcharges and penalties day by day. Create a plan to restructure your payment scheme and reach out to your lender to state your case.

Organizing a yard sale or side hustling
Unload your home with stuff laying around you no longer need. You can have a few hundred dollars in proceeds to help you settle your credit card bills. You may search for a part-time job or establish a start-up to help you earn on the side. Technology has opened a lot of doors for versatile and dynamic markets so start looking for your niche.

Budget your finances
Make a list of your regular dues and factor out your average spending versus earnings to get a realistic picture of your cash flow. Studies have shown that most of the spending for most if not all Americans go on housing, transportation, and food. Try to cut down cost by shifting to more affordable brands or avoid buying things that you do not need.

Work your way with money you have on hand, not your credit card limits.