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In terms of restricting my spending are there any good tricks into doing that?

There are many good tricks to restrict spending, and you've already got a lot of good suggestions along those lines. But the most important thing isn't a trick, it's an attitude.

Your debt will go down faster if your attitude is that reducing debt is The Most Important Thing on your financial planning list, and that the financial planning list is more important than the fun things to do list.

Adjust your attitude to be like that, and all of the suggestions given so far will make a lot more sense to you. Of course, you'll want to track every penny you spend; otherwise you won't know whether you're spending on important stuff or unimportant stuff. The very act of tracking will change how you spend, because you'll notice when you're dropping $30 or $50 on something that doesn't give you very much pleasure.

This is where the decision to eat out with friends gets made in the context of, "Do I want to drop $50 for a movie and dinner more than I want to be $50 closer to being out of debt?" The answer won't always be, "No!" But a rational decision will be made, based on what is really important to you. That's where the $50 trip out with friends might get knocked down to $30, because you want that trip out but you also want to be $20 closer to being out of debt.

Another piece of attitude: When you're in debt, every dollar you spend is borrowed. You are paying interest on that night out with friends, because the money might otherwise be put toward reducing your debt.

It's really a matter of priorities. If your top priority is to have a good time Right Now, it will take you a heck of a long time to get out of debt. If your top priority is to get out of debt, you might still have some fun Right Now; but you won't spend nearly as much on having fun Right Now as you would if you weren't paying attention.

So, what do you want most? Don't give up what you want most for what you want now.

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