Many Americans need help dealing with debt, many are trying to climb out of debt but it leaves them with no money to pay their bills. This situation leaves many asking the question "is their a way to attack the debt and still have money left over to spend?" The answer really depends on the type of debt that the person has, is it credit card debt, student loan debt, medical debt? The bad news is the interest is compounded over time and if you're not paying enough to reduce the principal the debt may never go away.

The good news is no matter how much debt you have, you may be able to consolidate your debts at a better rate. For instance with credit card debt you could check out your options on Bankrate.com or Creditkarma.com. Just be sure to pay close attention to when you get a low promotional rate when that rate will end. Also you need to cut back on your spending, think about what expenses you can cut. Do you still have a lan line? get rid of it for a few months and talk or text less on your cell phones so you can get a lower cost plan.

Call your utility company and see if there is a third party supplier that may offer a lower rate. If you have cable cancel your subscription for a few months and see what shows are available online. Finally, try Mint.com, it's a great website that will pull together all your financial and credit card account information into one place. It will help you see clearly where all your money is going and help you set and stick to a budget.