Right about now you may be suffering from holiday aftershocks. As credit card statements and bills come through, you see just how much you spent and gave away at the end of the year.
If you have a mound of debt to deal with, design a system and attack it. In this week's Marketplace Money, Chris Farrell describes a great way to pay off holiday debts: pay off everything with the highest interest rate first.
I prefer Farrell's approach to the debt snowball (where you pay off the smallest debts first -- getting a feeling of satisfaction and momentum) but both have their merits. Although it's not as satisfying at the get-go, you'll pay less interest over your lifetime. Either way, it's best to have a system so you don't have to think about things -- just pay off whatever your system dictates until the debt is gone.