Our real money team is back with help on the way. The average American family -- a 109000. Dollars if you include mortgage car loans student loans and credit cards all piling up. So imagine being able... See More
Our real money team is back with help on the way. The average American family -- a 109000. Dollars if you include mortgage car loans student loans and credit cards all piling up. So imagine being able to climb out of that credit hole for good ABC's Lindsay Janice shows how to cut your family's -- -- put money in your pocket. Let -- -- -- in amber amber and Haiti may -- are drowning in debts would -- dollars -- until -- a regular family he's a lawyer she's a physician's assistant. Date oh just over 100 and -- -- thousand dollars in bills. When we got married we actually came into the marriage went -- and we had kids. An odd and out but there is a way out step one is stopped the bleeding Americans racked up over 22 billion dollars a year in late fees and penalties. -- -- number one try a three bill tracking service like check. And never pay a late -- again. They monitor your bills know -- -- and allowed to schedule automatic payments Betty. -- do it and to tackle the -- existing mountain of debt. We brought them for a special one on one interview tips that Dave Ramsey show let's let's with house finance guru Dave Ramsey high -- -- -- think Mona perhaps they tip number two. Cut out those credit cards into the famous Dave Ramsey class -- me. -- The cut cut cut cut cut that number three make -- written family -- only one in three Americans have won. When you agree on your spending you pinky -- -- big shake this is a contract between the two of the what are kind of -- sense that -- an -- and have to start making. You pulsing inside a restaurant for a long time -- working there and finally tip number four -- magic rule. Pay off debt using what he calls this snowball -- it. -- a list our debts smallest to largest. Paid minimum payments on everything but the little -- -- that little with a vengeance process pay off the smallest -- the -- this is so behavior orient you gotta have. A lighted -- the tunnel that's not an oncoming train. If the main thing is -- -- to the plan in Ramsey says they can pay off that 120000. Dollars in debt. In just 36 month if you live like no one else. Later you can live. Ghetto black went off -- you pay a price. And affection for Lindsay Janice ABC news Nashville product it.
This transcript has been automatically generated and may not be 100% accurate.