It is a very stressful experience for being in a debt. If you have “Secured Home Loan” then you become obligated to repay it even if you have life changing experience like job loss, increased expenses and major accident. With the rising prices, many families have felt the lack of income growth and cause a unintended consequence of debt. So we have discussed some simple steps to get out of the debt. Budget is the important towards managing your finances, so create a realistic budget and strictly stick to it. Reducing the expenses will definitely add to your savings and will help you to get our of debt.Credit cards seems to be very attractive but they charge a big rate of interest, so use it wisely. Open an additional savings account to reserve for either emergencies or a goal like to pre closure of loan. It will turn to a considerable amount tat will give you a boost to save more and be more money wise