EDITOR'S NOTE: This is part of an ongoing series offering tips and information for businesses, job-seekers and consumers.

EDITOR'S NOTE: This is part of an ongoing series offering tips and information for businesses, job-seekers and consumers.

It's never too early to think about handling money — and avoiding debt. Financial adviser and CNBC's retirement expert Bill Losey offers his ideas on getting out of debt:

Make a budget: "Where does all the money go?" If you are asking that question, here is where you learn the answer. You might find that you're spending $80 a month on energy drinks, or $100 a week on lousy movies. Cable, eating out, buying retail — costs like these can really eat at your finances. Set a budget, and you can stop frivolous expenses and redirect the money you save to pay down debt. Get another job. This doesn't sound like fun, but having more money will aid you in reducing debt more quickly. A family member who isn't working can work to help reduce a shared family problem.