Debt reduction is any process which decreases a person’s debt burden. Debt reduction is always worthwhile but is never really fun. After all, the debt was accrued in the past and if it involved a great vacation, well that vacation was great but it’s over now. Now it’s time to pay the bills, and that’s never pleasant. While never fun, debt reduction is always worthwhile. If you owe less, you accrue less interest. Thus, future debt reduction efforts will be even more successful. Have a windfall? Probably the best thing to do with it is to pay off debt.