New Years Resolutions are very common and aside from dieting, the most common resolution is to get out of debt. Everyone wants to do it (those with debt anyway), but people seldom do anything about it. I guess it’s quite comparable to dieting in that respect. I think people decide to live with their debt because they either assume that they can handle it, they prefer to bury their heads in the sand and refuse to admit it’s a problem or they don’t want to admit they have a problem as it’s like admitting defeat. All of the above are valid reasons, but not good reasons to live with debts.
In order to clear debts, you don’t need to earn more or win the lottery - you simply need to manage your finances with a view of getting out of debt. Don’t get me wrong, lots of people have loans etc and are more than happy to pay their month to month payment, with ease with a view of being out of debt in 3, 4 or 5 years - this is fine, if you have the income to support it, but lots of people don’t. If you’re having trouble making the month to month payments on your loads and credit cards. It might be a better idea to consider debt consolidation. By consolidating all of your existing debt into one single payment, you can often end up paying a lower amount each month than you are doing currently (which can come in handy financially) and not only that, you’re also clearing the debt itself as opposed to just paying off the interest on the total.