With the holiday spending season over, millions of Americans will find that they've spent more than they should. But if you're one of them, you don't have to resign yourself to an endless downward spiral of debt.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at three simple things you can do to recover from overspending during the holidays. Dan suggests that the first thing you should do is figure out how much money you spent, both in cash and on credit cards whose bills you might not even have gotten yet. The next thing to do is to look at your budget and figure out what adjustments you'll have to make to future spending to get those bills paid off quickly while still being reasonable and realistic. Finally, Dan suggests looking at low-interest credit card options. With Bank of America (NYSE:BAC), Capital One (NYSE:COF), Discover Financial (NYSE:DFS), and American Express (NYSE:AXP) offering 0% introductory rates on card products, you can save yourself a fortune in interest and get your debt paid off that much faster.

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Fool contributor Dan Caplinger owns warrants on Bank of America. The Motley Fool recommends American Express and Bank of America and owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.