Are you drowning in a sea of credit card debt? When you’re in the red, it feels like there’s no hope for you to pay off your credit card debt. However, there are a few ways that can help you raise funds.

Make a spending plan and stick to it.

If you don’t already have one, making a budget plan can provide clarity where there was previously none. Before creating a budget, review your expenses from the previous month (or several months) to see if any patterns emerge. One look at your spending may reveal that it’s time to cut back on services you no longer use or that grocery shopping trips can be streamlined to save money on meals.

Find a second source of income

Look for strategies to increase your income so you can pay off your debt. You could, for example, sell stuff you no longer want or need to get a quick financial boost. Using online platforms to rent out an extra room, your car, or your parking space when you’re not using them can also be profitable.

Consider nonprofit credit counseling 

Anyone who needs basic budgeting assistance or wants to look into debt reduction possibilities can get a free initial consultation from a nonprofit credit counseling agency. They can help you understand the entire financial picture, which may include debt from sources such as student loans or a mortgage. The counseling firm may offer a debt management plan, which is a paid service that aims to reduce your credit card debt.

Learn how to use credit responsibly 

Stick to your budget after you’ve paid off your credit card debt. You can resume using credit cards if you’re ready and confident that you can keep your debt under control. If you need to use a credit card to pay for something, make a plan to pay it off as soon as possible.