In an era in which many consumers are saddled with an average of $8,000 in debt, it is not surprising that many Americans are seeking a quick and painless resolution to their mounting financial difficulties. It is in this environment that some unscrupulous debt settlement companies have been able to flourish and bankruptcies and foreclosures have hit all-time highs. However, contrary to popular belief, you do not have to take draconian measures in order to begin to work your way out of debt. Instead, with a strategic financial debt reduction plan, you can initiate the process and get back on the road to debt freedom with little more than a budget, some creative money-saving strategies, and a strong commitment to debt-free living. If you would like outside help in the process, seek out a non-profit credit counseling service in your community. Alternately, look for faith-based or community financial health seminars in your area. Either one of these options can be enormously helpful as you navigate the process of financial debt reduction.