If you are a shopaholic, chances are that there are quite a few items/garments in your house that you do not use. Put up a garage sale, and you will be surprised at how much interest and money this can generate for you.

Says Pallavi Vira: "Being fond of crockery, I had bought quite a few dinner sets and crystal ware over the past decade. Most of them were just gathering dust in my attic. Last month, I had the sets cleaned and called a few friends over for a mini exhibition that I had set up at home. Within a week, I had sold 6 dinner sets and over a dozen glasses!"

If you have a steady income, and have set a long-term repayment plan for your debt, look at investments seriously. With the markets booming and a lot of upcoming sectors offering good returns, mutual funds or stock trading will provide a welcome cushion to reduce the repayment blow.