Database running out of space

Question

My database has 16MB of space left.

I used to just truncate as I was taught but I found these links that advise against truncating:

http://www.sqlskills.com/blogs/paul/why-you-should-not-shrink-your-data-files/

http://blog.sqlauthority.com/2011/01/19/sql-server-shrinking-database-is-bad-increases-fragmentation-reduces-performance/

Is there anything else I can do on my database to reduce the size other than deleting table records? I am new to the DBA forum and I probably should have looked around for other questions before posting but I am desperate as I am worried about my database going down.