Nearly half of adults reported that their income just about matches their expenses, while close to one-third said their monthly expenses exceed their monthly income, according to a recent Yahoo Finance/Marist Poll survey. Meanwhile, the average household debt sits at over $100,000 according to data from Experian.

Wiping out large debts is challenging with a tight budget, but making extra payments can save money on interest, pay off debt sooner, improve credit utilization, reduce financial stress, and increase future cash flow. To improve cash flow, consider ways to increase income, lower interest rates, and ask lenders about hardship programs.

Cash flow is key for managing debt effectively. Positive cash flow means more money coming in than going out, while negative cash flow indicates overspending. Adjusting payment due dates, increasing income, and restructuring debts can help manage cash flow better and pay down debt faster.

Read more at Yahoo Finance: 4 ways to increase cash flow and pay off debt faster