“Raise” your debt.
How can raising debt be helpful, you might say? Here’s what we mean. If you are due for a raise, allocate some or, ideally all of that extra money to paying down your debt. This is money you have been living without so use as much of it as possible to reduce your debt. Our tendency is simply to spend whatever amount of money we have with very little thought about how the money is spent. So a raise could disappear without you even being aware of where the money went. On the other hand, if you consciously make the decision to allocate money from your raise to increase your monthly credit card payments or make additional payments on a loan, that “raise” will have lowered your debt by the end of the year.
You might consider doing the same with a tax refund!