People in debt become unhappy as they begin to realize paying back money that's owed is not going to be easy; ignoring the situation will just make things worse. First off, your debt relief will start the moment you take your situation seriously; otherwise it can never be rectified. It is essential to manage debts carefully and get rid of them as soon as possible.The most important thing to remember is not to panic and stay focused as this way your decisions will be clearer and more positive. Even if you have taken out a large loan perhaps to pay off previous debts, it is imperative that you continue to pay if you want to clear the outstanding balance.The easiest way to approach this is to calculate everything you have to pay out regularly both necessities and those inconsequential items that mount up each month. One hard action you will face is to slow down or stop the use of your credit card then start using cash again and you will find yourself being more careful.Any spare money can then be placed in a special fund to help with your debt relief payments and although it will take some time for a reasonable amount to accumulate, you will see the benefits in time. By reducing the amount of entertainment you have on a regular basis will allow even more money to go into your fund and your debts will disappear faster.There are times when debts are mounting and there is equity in your home it may seem like a good idea to refinance your mortgage and pay off your debts but this just means they will last much longer. Although this is a great way to raise spare cash in the short term you may not think that way a few years later so consider if this is really right for you.You can use cash to pay for your credit card debts and so reduce the monthly payments and help with your debt relief and although your cash flow will increase, so will the amount owed on the credit card. Whilst bankruptcy seems to be the only answer there are serious elements to take into account and you would be wise to consult with a specialist bankruptcy attorney first.Although it can be done, bankruptcy can be avoided by using the savings you have in your individual retirement account is the last method you should ever consider to pay off your debts. A good solid debt relief method should never include using your retirement funds so be aware of how risky this is. In addition being equipped with information on  1031 exchange California could also be of benefit.