Here we provide some tips to manage your debt right now while it is easily manageable rather than delaying the inevitable.? Watch Your Credit Cards ¨C Always keep a tab on the spending on your credit cards. They are a great innovation and let you enjoy a life of convenience, but not keeping the expenditure in control can lead to short term as well as long term financial difficulties.? Prepare a Budget… and stick to it ¨C Avoid impulsive expenses. Try to plan a budget and more importantly do not overspend. A bit of discipline is necessary for making the budget work. A handy tip to help you stick to your budget is to allow yourself a little extra each week for such luxuries as going to the movies, eating out once a week or a buying a nice bottle of wine for dinner. This will help you because it means that you are not completely depriving yourself and so you will be less tempted to break your budget.? Consolidate Your Debts ¨C It is a good idea to consolidate your loan into one loan. This makes it more manageable as you only have one monthly repayment instead of several and you will generally pay less in interest. Mortgages generally have the lowest interest rate so try to consolidate your loans into a mortgage.Debt management is a difficult and on going process but, it pays to delve into it to ensure a financially secure future and a tension free retirement.If you are looking for a way out of the debt trap you have fallen into, just visit www.debtescape.com.au. The site is managed by Credit Counsellors Australia, a subsidiary of SRMC Limited and also one of the most reputed companies providing insolvency service for individuals in Australia.Their team of insolvency counsellors, who are all tertiary qualified in accounting, can provide you the best advice on how to consolidate your debt and get a debt agreement. These professionals specialise in bankruptcy debts and bankruptcy credit counselling and will be able to take care of all your debt consolidation needs. The site www.debtescape.com.au also has tips and advice on debt consolidation care, bankruptcy, debt agreement and consolidation personal loans.