There's all sorts of fads and diets out there.
One diet you might not have heard much about has some people losing the 'right kind of weight'.
It's called a money diet.
The average person owes more than seven thousand dollars to credit card companies, according to the Federal Reserve.
Tack on high interest rates, and you're literally throwing money in the garbage can.
Certified Financial Planner John Williams is a pro at saving money and has three simple tips to help you snag some extra cash.
First, say goodbye to your credit cards.
"I think it's way too easy for a lot of people to slide a credit card or a piece of plastic. If you're laying the cash out, you know how much you're truly spending," he said.
He also advises against getting a new car because those often come with high car payments.
"You're still paying into something that's destined to lose a lot of money," he said.
The next step is one a lot of people skip. Williams tells his clients to make a list of their expenses.
He said you'll be surprised what and where you're spending your dough.
"If it's something that you can delay for a month or more, put that under the 'want' column. After you go back and review that after a while, you're going to realize that there's a lot of things that you don't need, that are truly just wants, and you might not even need them at all," he said.
Then there are those who try to avoid going into debt in the first place.
A growing number of college students say so called 'money diets' are just their way of life.
Britney Henson has basically been on her own since she was 15-years-old. She uses a lot of these financial principals to stay within her small budget.
"We make a lot of meals, like meals at our house, and freeze them so we can use them later on," she said.
Adam Debriae also started saving money at an early age so he could put himself through school.
"By the time I came into college I probably had about $8,000-$10,000 saved up actually between gifts and wages," he said.
His biggest money saving tip echoes the same principal Williams lives by.
"I've kind of learned that with cash, I can go with a set amount, leave my bank card at home, and then I have what I have. That kind of helps me stay on a budget," he said.
Some of these measures might seem extreme but if you want to overcome your debt, Williams said it's a good idea to first acknowledge how you got there.