Losing weight isn't the only way to slim down this year. If you are looking for a New Year's resolution that could help reduce stress and anxiety, then you may want to make it your goal to climb out of debt.

MSNBC recently listed several tips outlining money management skills that will allow one to become debt free.. The first step is to figure out exactly how much money you owe. This will allow you to form a plan of attack.

Next, card holders should organize their bills in order of importance. After you've taken care of your essential bills, such as health and basic groceries, then it's best to aim to pay the bills that accrue interest at a high rate.

Those with large amounts of debt should strive to pay more than the minimum amounts on their monthly bills. Card holders can also contact their issuer and attempt to negotiate lower interest rates.

PTMoney.com states that those who are serious about eliminating debt can cut up or freeze their credit cards and research the process of enlisting the help of a debt counselor.