In most peoples lives, there will be some situations where money will get tight and you're left with bills to pay/debt to pay off. What's the best way to go about it?

The most simple and effective way to clear debt and ease the pressure is to use a pyramid style payment set-up. You start with the lowest debt at the top, and work your way down filling in the pyramid to the largest debt at the bottom. Then you start payments from the top. Clearing the smallest debt first. Then working your way down.