Motley Fool, a great site for financial advice which is in my RSS Reader, offered some good basic advice on how to make the most of what you earn, with a focus on those in debt:

According to the Federal Reserve, in 2004, 46% of American families were strapped with credit card debt. How much debt? $5,100 on average, as our Foolish colleague Nathan Alderman pointed out. And that’s just credit cards.

Factor in student loans, car loans, home-equity lines of credit, mortgages, second mortgages, vacation-home mortgages … yup, our nation is in debt’s unforgiving clenches.

For the details on what advice they offer, check out the article here. I’ve seen various recommendations on paying debt and can’t say I have personal experience to relay. But in 2030 when I’m done paying off college loans, I’ll let you know.