*This post may contain affiliate links to products we recommend and happily use.*
Are you looking to reset the debt clock? Are you looking to change your future?
Are you looking to get out of debt now?
Saving and Simplicity has compiled 50 Simple and Helpful Ways to get you on the road to debt free living. Remember you will not be debt free overnight, it will take time and hard work to get to your goals.
Getting out of debt is possible and here are 50 ways to help you on your debt free journey.
- Admit that you are in debt and create an action plan. Write down your goals. Written goals are proven more achievable.
- Talk with your spouse or partner or mentor about your debt free plan.
- Make a Monthly Budget. You can find more information on budgeting at Budget Like A Rock Star
- Create your list of debt so you know what you are up against. List these from smallest to largest.
- Start working on your debt snowball. Checkout Debt Snowball or Rock Your Debt Plan for more information.
- Sell what you can sell and put the money toward your debt. I am talking big “toy” items and small household garage sale items. All the dollars add up.
- Organize your home room by room. You may just find a money maker.
- Downsize your vehicles to one car or sell the car and look into public transport or ride share programs. This will save car, insurance and maintenance payments.
- Consider selling your home or downsizing and renting till the debt is paid down.
- Rent out your home or a room through an agency like Air BnB.
- Call the credit cards and ask if they can decrease your rates. It can’t hurt.
- Cut the unnecessary. Cut the landline telephone, the cable, the magazine delivery. Decrease or cancel items you don’t “need” or can live without for a period of time.
- Ask your cellphone provider for a cheaper family or data plan.
- Turn the lights out and turn the heat down.
- Sign up for FREE samples. Who doesn’t love free samples?
- Go back to work, get a second job or ask for a promotion.
- Start selling items on craigslist.com, etsy.com or ebay.com
- Follow your creative side. Do you do something that your friends are willing to pay you money for? Like bake amazing cakes. Charge a small fee for your services and pay off your debt.
- Cut coupons and use them when you shop.
- Sign up for store loyalty cards and save.
- Shop the sales for items you regularly use.
- Grocery shop with a list and a meal plan. You will get less last minute additions to the grocery cart.
- Stop buying gifts, opt for homemade gifts.
- Create a monthly or weekly meal plan. This will help with the shopping and the last minute cooking ideas. It will also save you money.
- Learn to say “NO”
- Make your coffee and pack a lunch at home.
- Make your meals from scratch at home. Home cooking can save you hundreds of dollars annually. Dining out can be expensive.
- Make breakfast for dinner. Or plan a meatless meal.
- Shop the local farmers market and local shops for deals.
- Grow your own vegetables and fruits. This will cut your produce costs.
- Join group buying programs for case lots or sides of meat or larger items you split between a few families.
- Freeze, can and dehydrate your extra seasonal produce.
- Plan a staycation over the holidays and be a tourist in your own backyard.
- Opt for home or patio dinner parties with friends instead of expensive evenings out.
- Plan stay at home date nights or a cheap date night.
- Cancel the gym membership and workout at home. Working out your debt stress is good for you.
- Get a library card, use tool share programs, work with your friends and share items instead of buying new things.
- Make your own natural cleaners.
- Start a money making blog.
- Are you a trained professional? Offer your services to the public in your off hours.
- Do you have skills you can sell? Tutor, teach a course or coach.
- Make money online taking surveys or sign up to mystery shop.
- Live simply pass on the “extras” while you pay down the debt.
- Shop smart. Buy items you will use for a while. Buy second hand when you can.
- Make your trips count. Save on time and gas by planning your outings and activities.
- Use what you have and this applies to everything. Don’t buy something new if you have something you could sub for it.
- Repurpose older items.
- Use it till it’s broken, then mend it till it is unusable. Then be kind to the environment and recycle it.
- Use less and be frugal with your money.
- Ditch your disposables and start re-using items and save money.
Bonus tip: Use less, squeeze out the last drop, scrap the edges and work with what you have.
You can get out of debt. It will take planning, communication, sacrifice and hard work.
“You have to live like no one else, to live like no one else” – Dave Ramsey