Making choices in regards to financial matters is not always easy, but it is something we all have to deal with. It is part of being an adult and learning how to manage your finances in a proper manner.
Whenever financial decisions are to be made, take a seat and try to remain calm, it is no good making decisions like this when you are stressed. You do not want to make a rash decision, and you have to be in the right frame of mind.
Try not to let financial worries take over your entire life, this is no life, this is just enduring life. However, most of us have to give a great deal of thought to these decisions, so take as long as you require, and sleep on it if you need to.
Try writing all details of your finances down, you could be surprised how differently things look on paper, sadly not always for the better. Still, it helps you gain a very clear picture of the situation you are in, moneywise.
You could work out if you have any items of value you are not using that you could sell. It is very easy to sell anything these days, however obscure, thanks to auction sites like eBay etc. You can often raise quite a bit of cash this way, and it is something I have actually done in the past, when my finances were in a sorry state.
If you live in a large house you could consider sizing down, it could make all the difference having less of a mortgage to pay each month. It may seem like a sort of last resort, but could be well worth considering.
Hard decisions have to be made, however unpalatable they may be. The larger decisions always seem harder to make, but as long as you take your time, look at all the angles, and end up making the correct one for you, then it is all worthwhile. Always remember the best-laid plans go astray, but you can make this less likely by approaching your financial planning in a calm, measured state of mind.