3. Selling assets

If you have any assets that you can dispose of to reduce your debts and ease your money worries you should do so. It is better to have just one car than to have two, not being able to pay your debt and eventually maybe losing your house. If you have your grandmother's diamond ring stuck in a vault somewhere, sell it. Yeah, I know it has sentimental value but sentimental value does not put food on the table. Sometimes one just have to differentiate between what is essential and what is not. If you own a house, why not rent it out and move to a smaller place in the interim.