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Many people who are in debt have tried at least once, and probably several times, to pay off their debts. Sadly, a significant number of these people end up getting even further into debt than they were when they started.

So, why do all these people end up getting deeper and deeper in debt? The answer lies in the approach that they use to get out of debt. Those who take on more debt in an attempt to get out of debt are only putting a patch on the problem. Debt consolidation loans may work for a short while, but the underlying habits that created the debt problem in the first place will work against them.

The true answer to the problem can be found in fixing the underlying habitual behaviors that originally created the debt problem. The best way to accomplish this is by using a proven plan for paying off debt, one that won’t let you continue in your old ways.

What is a step by step plan that won’t let you continue to indulge in your old habits?

The first step is to build up a “buffer” between you and overspending. When you’re running low on money, even a small financial problem can make you go back to using debt. What exactly is a buffer? This is a small amount of money that you save, somewhere around $500 to $1000, depending on how much money you make. Your buffer should be enough money to fix your vehicle if it breaks down, hire a plumber if a sewage pipe breaks, or pay your bills if there’s a delay in getting your paycheck.

The next step is to take on no additional debt. This means no debt reduction loans, no additional mortgages, or any other debt. If you take out a second mortgage in an attempt to pay off credit card debt, you’re replacing an unsecured debt with a secured loan. This means that if you are unable to pay off your debt, you’re at risk of losing your home.

The third step is to make a plan to pay off all your debts. Realize that the order in which you pay off your debts can make a huge difference. If you do it wrong, you’re at risk of losing your motivation to get out of debt. Do it right, and you’ll pay off your debts quickly while becoming more and more enthusiastic about getting out of debt.

The next step is to work your plan. The best way to accomplish this is to make your debt repayment plan automatic. One way to do this is to use your bank’s automatic bill payment service (most banks offer this service). One you set up this service, it will keep you from having to pay late fees, since your bills will be paid on time, every time. Most banks don’t charge for their bill payment service, so this is a must-do item if you really want to pay off your debts.

The fifth step is to stick to your plan. Once you’ve developed a little bit of momentum, this should be easy. Once again, the right debt repayment plan makes a huge difference.

That’s all you have to do. Now you can finally pay off your debts, even if you’ve failed every time you’ve tried. All it takes is the correct approach.