Learning how to pay off debt is one of the biggest problems Americans are currently facing.
Americans currently hold over $ 1 trillion in credit card debt that doesn't include all of the other obligations they owe, such as student loans, mortgages, and auto loans.
Knowing that you are not alone can relieve your fears a little, but it will not help you to settle those debts.
You already know that paying your debts means that you have less money for debt and more for bills, savings and other important things in your life now and in the future.
They also know that paying your debt is never as easy as it sounds.
Since no strategy is for everyone, it is better if you have some solid ideas to get you out of debt as quickly as possible.
Making the repayment of debt easier will make it easier for you to stick to it and you'll find that you dig out of the hole faster.
Try out some of these helpful and realistic suggestions to get rid of your debt quickly:
1. Ask for help
One thing that many people do when looking for solutions to their debts is to skip the most obvious answer: ask people they know for help.
Maybe it's a pride problem, or maybe this answer is almost too obvious for us not to think about. The fact is that this solution is just right for many people and is worth considering.
Nobody wants to crawl to their parents, siblings, or friends for help. However, I guarantee that these people are probably more willing to help you than you think, especially if you have never given them reason to believe that you are not trustworthy.
If you have a high yield credit card that you can't seem to lose, check to see if your parents or a trusted friend can pay them off for you.
Treat it like a bank loan. Negotiate terms and rates and offer to pay as much as you can afford each month.
Just make sure you get everything in writing. Getting help from someone you know doesn't mean you won't burn yourself. Enter a loan agreement, have both of you sign it, and keep the deal going on until you've paid your debts.
2. Stick to a budget
A tight budget that takes into account every penny you earn every month can have a profound impact on your ability to pay off your debts.
Spending your entire income and splitting it into bills, groceries, savings, and other expenses is less likely to spend money lightly.
This is the beauty of a zero-based budget where your income minus your expenses is zero.
That doesn't mean you have to spend your money until it's gone. Instead, you have a plan for everything from how much you eat out to how much you pay for gasoline for your car.
Anything left over after paying your bills, rent, entertainment and everything else you need each month should automatically be used for savings and additional payments for your debts.
I like to split my extra money in half and put half in my savings account and half in the credit card that I am working on to pay out first.
However, you don't have to use zero-based budgeting. You will be most successful if you stick to a budget that fits your lifestyle and income.
Whatever that is, make sure you stick to it and always free up a lot of space in your budget to spend a little more money on your debts.
3. Avoid paying the minimum amounts
It's tempting to only pay the amount shown in the "Minimum Balance" section of your monthly credit card bill. Most people don't know that the minimum balance is a number that creditors will keep you in debt with for as long as possible.
You feel like you should contain your debt, but you don't make much of it – and that's where your creditors want you to be.
The longer it takes you to pay off your debt, the more interest you pay. Most credit card companies only charge about 2% or 3% of the monthly balance paid.
This barely covers the interest that arises at the end of the settlement cycle, which means that you mainly pay interest and very little capital.
If possible, you should pay at least 5% of your balance. If it's all you can afford, stick to at least a little more than the minimum payment. Even an additional $ 10 a month can consume your client faster than your minimum payment.
4. Set up automatic savings and transfers
Just keep it stupid. This is a phrase you should live by if you want to clear your debt quickly. The less you think about money and analyze everything about it, the easier it will be for you to adopt a healthy financial style.
Keep your finances simple by letting technology do some of the hard work. I love banks that allow me to set up automatic transfers to other bank accounts.
It keeps money straight in savings and completely out of my hands. I get used to the transfers and write them to my trade repository every week without thinking about it.
Set up a bank account with automatic transfers to another account that you can use to pay off your debts.
I like the simplicity of Capital One 360's accounts and automatic transfers because I can instantly move money between accounts and set up recurring transfers.
Set up weekly transfers using your entire extra cash budget to pay off your debts and split it up into four weeks. At the end of the month, put all the money you've transferred on your preferred debt. You will find that you are less tempted to spend this money knowing that it will be thrown to good use.
5. The debt avalanche
There are many ways to fight debt, but two of the most popular methods are the so-called debt avalanche and the snowball.
They use the same technique: tackle one debt at a time and, as you pay off each, use the money you paid for that debt on the next on the list. However, the strategy you use for everyone is different.
The debt avalanche focuses on paying off your debt with the highest interest rates first.
These are usually credit cards with interest rates typically between 14% and 26%. If you only pay the minimum for these cards, you will likely be paying interest primarily.
The debt avalanche will help you pay off high-interest balances first so that more of your money can be used to pay for other debts.
Write down all of your debts with their interest rates and minimum payments. Include student loans, auto loans, and other commitments. Align them with the high-yield debt first.
This is the one you will focus on now.
Also write down how much you can afford to spend on your debts each month. Subtract the sum of the minimum payments for all debts from this number to get your surplus.
If you can pay $ 800 a month and your minimum is $ 500, your excess is $ 300.
Your surplus will flow into the first debt on your list each month in addition to the minimum payment until it pays off. Remember to adjust your surplus as needed if your income varies from month to month.
6. The debt snowball
An avalanche occurs when snow falls and wipes things out on its way down, much like you do when you first pay off high-interest debt to make it easier to wipe out your other debt.
Think of the debt snowball as the opposite: you start with small debts and work your way up to the bigger ones, much like how you would start a small snowball and add snow to it.
The idea behind the debt snowball is to motivate you to keep an eye on the price of debt free once you've cleared a small debt. This is an excellent technique if you are having trouble finding the drive to keep paying off your debt.
Write down all your debts and order them from the smallest to the most significant debt. Don't worry about interest rates or minimum payments. You just have to focus on your balances. The lowest balance debts will be your focus for now.
Use the same technique to generate a surplus as you would for the debt avalanche. Your surplus amount will be credited every month until your smallest debts are repaid.
If your debt is only $ 200, you can quickly tear it off and then use the payment for that debt on your next one.
7. Get an interest-free transfer card
Some people shy away from opening a new credit card if they already have a balanced stack.
If you're responsible for your cards (or at least know you can do it now), there's no need to be afraid of a new credit card. In fact, the right card can be incredibly helpful in getting out of debt.
What you need is a credit card that is designed for credit transfers. These cards allow you to transfer funds from other cards without interest for a certain number of months, usually between 9 and 15.
The more months you have, the better, because you have more time to distribute your payments and withdraw your funds.
Suppose you have a credit card with an interest rate of 23% and a balance of $ 2500. If you pay $ 200 a month, it takes 15 months to pay off, and you pay almost $ 400 in interest.
If this credit is on an interest-free credit card, you can pay it back to your main credit within 13 months.
Be sure to look for a card that doesn't include transfer fees or annual fees that add to your balance.
8. Get a loan from a credit union
Most financial experts don't recommend taking out a personal loan to pay off credit cards and other debts, but sometimes it is necessary.
You could get a much better interest rate on a new loan than you, which can help you get rid of your debt faster. You can also consolidate debt to make your payments more manageable.
Take a trip to your local credit union instead of applying for online loans from sketchy lenders.
Credit unions are known to have some of the best interest rates, and even people with bad credit can be financed. The credit union manages your loan and creates an interest rate based on it and your income.
Most credit unions require you to become a member before processing your application, and may also require a small application fee. That's it. The process is quick and easy compared to a traditional lender.
9. Renegotiate your credit card terms
I have always resisted people who suggested that you negotiate your credit card balances and interest rates with a customer service representative in the company. Then I decided to give it a try. The worst thing they could tell me was no.
To my surprise, I was able to negotiate a deal with the very first card company I called to lower my interest rate. It was my highest interest card and I dropped it to match an interest rate on a similar card – by 2%! Every little bit helps.
Most people are not authorized to negotiate a payment of the balance unless they are in arrears or can offer a good portion of the balance as a lump sum.
However, you can definitely go for a better interest rate or maybe even an interest-free transfer offer.
If the first person you speak to says they can't do anything with your account, ask them to talk to someone who does.
You don't have to be pushy, just firm. Every little bit helps when it comes to making progress in the debt department.
10. Refinance your current loans
You can also speak to your lenders to ask questions about refinancing your loans. After a year or more of timely car payments, your lender may be more willing to negotiate a better interest rate or a lower monthly payment.
If your current lenders are not moving, look for other lenders who may be able to help. Again, speaking to your credit union is usually a good way to get a loan with more flexible terms.
You might also consider examining consolidation loans to combine your credit card or student loans into a loan with a better interest rate and lower payments.
When you talk about student loans, don't forget that there are many ways to refinance there. Contact your lender to discuss your options such as loan consolidation or income-related repayments.
11. Get a side gig
If everything else fails, look for ways to generate more income without trying to find another job for an hourly rate. Side gigs are the way to go if you want something very flexible in terms of your schedule and income.
With side gigs you are your own boss. You decide when you want to work and what prices you set for yourself, thus determining how much you earn.
Find people who need help from someone with your skills. Some popular skills that you can use as inspiration are:
Set up and repair your computer
Car repair and detailing
Handy work in houses or offices
House or office cleaning and organization
Pet or babysitting
Article, blog or text creation
Construction or remodeling
Whether you want to work in person or online, you can easily find something that suits your skills.
Enter your side appearance with the aim that all the money you earn from it will be used to pay off your debts. Hopefully, you only need to double your work for a few months to put a massive strain on your balance.
Apps that you can use to manage your debt
The first step in debt repayment is to put together a game plan so you can find the best attack plan for payments.
This way you can find out exactly how much you have to pay for each debt to ensure that you are not punished with high penalties and pay off your debt on time.
While you can use a professional accountant or someone who specializes in debt to do this, it will most likely cost you more money that could be better used to pay off your debt.
We'll first look at some smartphone apps that are designed specifically to manage your debt.
1. Organize all of your debts that you want to pay off
When managing your debt, you should have a few things to calculate how much you owe, what your interest rates are, and how much you can use to pay your debt each month.
The first app on our list is an app called Mint and one of the most popular budgeting apps in the App Store.
Mint is an all-in-one budget / financial planner that uses all of your information and calculates new budgets, debt repayments, and bills to make sure you get everything paid and stay within budget.
One of Mint's best features is that you can see your creditworthiness in real time in the app to keep track of everything that may be wrong.
You can also take advantage of Mint's many personalized tips and suggestions to stay financially stable.
2. Use a credit card payout app to determine your best payout schedule
If you are an Android user, there are still a lot of apps you can use to better understand your debt and find a schedule for repayment.
This app is called Credit Card Payoff and is currently only available in the Android Market. However, it is a solid app that you can expect to see in the Apple Store soon.
Credit Card Payoff is an app that lets you enter all of your debt information to show exactly how much you are paying for interest and how much you are applying to the principle.
This is a great way to look for ways to pay more for your loan on a principle basis so that you can reduce your debt faster by paying less interest.
3. Round up the debit fees to pay the student's debt
For an "out of site, out of mind" approach to your student loans, you can use an app called ChagEd that allows you to slowly repay your loans without having to worry about it.
ChangEd is a smartphone app that connects to your loan and bank account to monitor the activity of your debit card.
Every time you make a purchase, ChangEd rounds up to the nearest dollar and uses this change to apply for your student loan.
If you've ever used the popular app called Acorns, this is a very similar process, except that the money is applied to your loan instead of investing it.
ChangEd is a perfect app for those who don't mind that their change is going towards their debt and want to slowly reduce loan payments.
4. Use the snowball strategy to pay off multiple debts
When you pay off your debt, you may hear the term “snowball strategy” that has helped millions of people get their debt under control and make serious progress on repayment.
The snowball strategy is a strategy for people with multiple debts that involves paying off one credit card at a time.
How this works is that you aggressively pay for your lowest remaining debt while paying a minimal remaining payment for all your other debts.
Once you have made a payment, start the process from the next debt level and continue until everyone is paid out.
An app called Debt Free is a smartphone app that uses this snowball strategy to help you not only manage your debts but pay them off according to the strategy.
This strategy takes its name from the snowball of your debts to pay them off one by one and make your way to the biggest debt you have.
5. Discover several different payout strategies
If you want to manage all of your debts while using the snowball strategy mentioned in the previous app, you can try another app.
Debt Payoff Assistant is a smartphone app that is available in the Apple App Store and can be used to monitor all of your debts while creating a snowball strategy tailored to your debt.
With this app, you can enter all of your debts, simply monitor them through the app's user-friendly interface, and develop a strategy to pay off your specific debts.
The progress bar for each debt keeps you motivated and shows you exactly where you stand on each of your debts.
6. Download a debt management app
For those with high-interest credit cards who don't seem to be able to make the necessary payments to get ahead, there is an app that will help you get where you need to be.
With a smartphone called Tally, you can use a new line of credit with lower interest rates while paying the minimum payments for your other debts.
How this works is Tally allows you to take out a line of credit with a lower interest rate and pay your debts to the debt with the higher interest rate.
You will then no longer pay these debts directly, but instead tally.
This will be a great way for you to get over your debts and stop paying high interest rates that won't get you anywhere.
Apps that can save you more money
After looking at some apps that can help you better manage your debt, it's time to review some that can help you save more.
To better manage and pay off your debts, you should find out how you can save money by paying more for your debts.
Debt can grow over time and with high interest rates, some debt can really get out of control until you can no longer make the payments.
Let's take a look at some of these apps and see how you can save more money right away.
1. Find out how much you can safely save a day
When it comes to finance, it is always great to have a competent coach to help you on your way to make sure you stay on the right track.
While paying a professional financial manager can be quite expensive, there are inexpensive alternatives like the Joy smartphone app.
Joy is an app available on the App Store that helps you keep track of your expenses and give advice on your financial situation.
When you download Joy, you will first notice the interactive coach who will give you advice on your expenses and suggest ways of saving you money.
It also calculates all of your expenses to show how you can make savings to better plan for the future.
This app is perfect for those who need a hand to get their finances in order.
2. Direct deposit into a special savings account
Paying off your debts doesn't have to be something that you slowly reduce. You can make a large payment at any time if you want to pay more of your principle and reduce unnecessary interest expenses.
To save this kind of big lump sump, you have to slowly put money aside to get the bigger amount over time.
You can do just that with an app called Chime.
Chime is a fast growing bank account app that allows you to perform almost all the functions you can expect from a mobile banking app. You can also help to set up a savings account.
What Chime does is round up every purchase made on your debit card and transfer the remaining change to a savings account.
Over time, this savings account grows to the point where you can withdraw it and use it to make a large payment on your debts.
3. Reward yourself for small tasks
One of the most interesting apps on this list helps you save money on debt repayment while building better lifestyle habits.
This app is called Tip Yourself and allows you to put money in your own “tip jar” every time you complete a task on your list.
These tasks can include going to the gym, eating a serving of fruit, or any other task for which you should be rewarded.
You can set up a certain amount that you can work in your tip jar to motivate you to get where you need to be.
Simply set the tip amount to the amount on your debt and tip!
4. Create a debt payment account with goal reminders
For those who want to put money away every time you take a specific action, there is an app for it.
With Qaptial, a smartphone app available on all platforms, you can set up a savings account by depositing money each time a rule is triggered.
These rules are set by the user and can be customized for almost anything. So get creative.
For example, if you want to deposit $ 25 every time you go shopping, Qapital can do just that.
There is also an spending account option that uses a Visa debit card to better monitor all of your spending and show you exactly where all your money is being spent.
This is a great option for those who want to keep everything in one place.
5. Deposit rounded-up deposit amounts from every purchase
One of the most popular money-saving apps in the field of smartphone apps over the past decade is the Acorns app.
Acorns is an app that allows users to transfer money to Acorns to invest in stocks and earn more interest than a standard savings account.
While interest gains aren't sky-high, Acorns does an excellent job of setting up a separate savings account.
To do this, record every purchase you make with your linked debit card, round up the total to the nearest dollar, and deposit this change into your account.
Many people who have used Acorns mainly use it for a "set and forget" type of account, which they can use to save money to pay off debts in a larger flat rate.
6. Look for subscription services that you spend money on
At times when subscription services are at their peak, it's easy to forget that you spend monthly money on subscriptions that you forgot.
While you could go through your bank statements for the month and try to find all the money you've tied up in these subscriptions, there's an easier way to do it.
To simplify this process and save more money, an app called Trim is available for download.
Trim is a smartphone app that connects to your bank account and searches for recurring fees from subscription sites.
Once Trim is done, you can see which ones you need and which ones you can cancel.
They are also working on ways to help users reduce their debts and start their lives with less financial strain.
7. Get an all-in-one solution
If you need a solution to manage your debt, check for excessive subscription spending, and budget your money, Clarity Money is the place for you.
Clarity Money is a smartphone app with numerous budgeting and debt resolution tools that almost everyone can use to better manage their money.
You can increase your savings by opening a highly profitable Marcus online savings account through Clarity Money to earn an APY of 2.00%.
Clarity Money's easy-to-use interface makes it easy to track your expenses, view them by category, and find out where you can cut some of your expenses to better budget your finances.
Finally, you can use Clarity Money to do the same thing as Trim and find subscription services that cost you money every month and are no longer used.
Apps that allow you to earn extra money to pay off debts
Finally, we're going to look at some apps that can help you make more money outside of your normal 9-5 job, and that can help you pay off your debts easily.
Gone are the days when you had to do an extra job at waiting tables or bars to make ends meet.
With advances in technology, you can make money right from your phone on your own schedule.
These apps are perfect for those who don't have time to find a real job after work or school.
Most of these apps allow you to make money between courses, during lunch at work, or after work.
Let's take a look at these apps and see how you can make extra money today.
1. Make extra money by writing blogs for people
If you love to write, you could earn serious money by writing blogs for other people.
Mit Apps wie Fiverr oder Upwork können Sie sich mit Personen verbinden, die Blogs besitzen, oder mit Unternehmen, die Personen benötigen, die Artikel und Blogs für sie schreiben können.
Diese Apps sind einer meiner persönlichen Favoriten, da Sie ernsthaft einen existenzsichernden Lohn verdienen können, wenn Sie die richtigen langfristigen Kunden finden.
Das Beste daran ist, dass Sie die Kontrolle darüber haben, wie viel Arbeit Sie übernehmen möchten.
Finden Sie einfach den richtigen Job, der zu Ihrem Schreibstil passt, reichen Sie Ihren Lebenslauf und Ihr Anschreiben ein und warten Sie auf eine Nachricht von Ihrem potenziellen Kunden.
Es ist am besten, sich für mehrere Jobs zu bewerben, da der Wettbewerb hart sein kann. Stellen Sie daher sicher, dass Sie nicht nur auf einen Job warten, da Sie möglicherweise nie eine Antwort erhalten.
Wenn Sie mehr Jobs erledigen und Ihren Rang erhöhen, haben Sie bessere Chancen, mehr Jobs zu bekommen.
2. Mieten Sie Ihr Auto, während Sie bei der Arbeit sind
Eine der einfachsten Nebenbeschäftigungen auf dieser Liste, die Ihnen helfen könnte, genug Geld zu verdienen, um einige Schulden zu begleichen, ist Turo.
Turo ist eine Smartphone-App, mit der Sie Ihr Fahrzeug mieten können, während Sie es nicht benutzen.
Diese App basiert auf der Mentalität eines Mietwagens. Nur so kann fast jeder mit einem zuverlässigen, neueren Fahrzeug sein Auto mieten.
Mieten werden von gewöhnlichen Menschen getätigt, die im Vergleich zu Mietwagenfirmen Geld sparen und etwas fahren möchten, das normalerweise von großen Firmen nicht angeboten wird.
Dies ist eine großartige App für diejenigen, die den ganzen Tag im Unterricht sind und ihr Fahrzeug während der Woche selten benutzen.
Sie können einen Zeitplan festlegen, wie offen Sie für die Vermietung Ihres Fahrzeugs sind, um sicherzustellen, dass Sie es immer zur Verfügung haben, wenn Sie es benötigen.
Die besten Autos für diese Nebenbeschäftigung sind ein gaseffizientes neueres Fahrzeug oder ein Sportwagen, den viele fahren möchten.
3. Fahren Sie mit Ihrem Auto nach der Arbeit für Uber
Wenn Sie den ganzen Tag über genügend Zeit haben und ein neueres viertüriges Fahrzeug haben, können Sie mit einer App namens Uber Geld verdienen, indem Sie Menschen zu ihren Zielen fahren.
Uber hat in den letzten Jahren an Popularität gewonnen, da es ähnliche Dienstleistungen wie ein Taxiunternehmen anbietet, jedoch mit mehr Fahrern und einer benutzerfreundlichen Smartphone-App.
Wenn Sie sich als Fahrer anmelden, können Sie sich in die App einloggen und Kunden zu Ihrer eigenen Zeit finden, unabhängig von der Tageszeit.
Wenn Sie beispielsweise zwischen den Kursen oder während des Mittagessens eine Stunde Zeit haben, können Sie in der App überprüfen, ob sich jemand in der Nähe befindet, der irgendwohin gebracht werden muss.
Die App ist sehr benutzerfreundlich und bietet ein GPS, um Ihren Kunden das Fahren an ihr Ziel zu erleichtern.
Sie erhalten eine Pauschale für jedes abgeschlossene Laufwerk und verdienen zusätzliches Geld mit den von Kunden hinterlassenen Tipps.
4. Machen Sie zusätzliche 100 $ pro Monat Mystery Shopping
Während Mystery Shopping ein Begriff im Haushalt ist, verstehen viele nicht, wie man in dieser Branche Geld verdient oder wie es genau funktioniert.
Die meisten wissen es nur, wenn sie die Geschichten der Leute hören, dass sie für das Einkaufen bezahlt werden, was für jeden ein großartiger Auftritt ist.
Dank der zunehmenden Verbreitung von Smartphone-Anwendungen können Sie bereits heute als Mystery Shopper beginnen.
Mit einer der beliebtesten Apps, Field Agent, können Sie einige der bekanntesten Einzelhändler geheimnisvoll einkaufen und dafür bezahlt werden.
Sie können sogar kostenloses Essen in Form von Erstattungen verdienen und gleichzeitig eine zusätzliche Bezahlung für die Fertigstellung des Shops verdienen.
Kostenloses Essen und bezahlt werden, was kann man mehr verlangen?
Abhängig von der Region, in der Sie leben, können Sie mit dieser App in Ihrer Freizeit über 100 US-Dollar verdienen.
5. Verkaufen Sie alle Artikel, die Sie nicht mehr verwenden
Um Ihre Schulden schneller abzuzahlen, können größere Zahlungen dazu beitragen, das Gesamtprinzip zu reduzieren, was bedeutet, dass Sie weniger Zinsen zahlen.
Dazu müssen Sie Wege finden, um schneller mehr Geld zu verdienen, als hier und da ein wenig Geld beiseite zu legen.
Eine Möglichkeit, zusätzliches Geld zu verdienen und Unordnung in Ihrem Zuhause zu beseitigen, besteht darin, Gegenstände zu verkaufen, die Sie nicht mehr verwenden.
Mit einer App namens LetGo können Sie ganz einfach Elemente auflisten, die Sie bequem von Ihrem Smartphone aus herumliegen haben.
Laden Sie einfach ein Foto Ihres Artikels hoch, fügen Sie eine Beschreibung hinzu, legen Sie einen Preis fest und warten Sie, bis die Nachrichten eingehen.
Sie sollten einige Nachforschungen über die App für Produkte wie Ihres anstellen, um Ihre Produkte zu einem Zeitpunkt zu bewerten, an dem sie verkauft werden.
Dies ist eine großartige Möglichkeit, gutes Geld zu verdienen, mit dem Sie Ihre Schulden abbezahlen können.
6. Führen Sie Online-Umfragen für zusätzliches Geld durch
Einer der ältesten Tricks in den Büchern, wenn es darum geht, online Geld zu verdienen, ist die Durchführung von Online-Umfragen.
Online-Umfragen waren in den letzten zehn Jahren die beliebteste Methode, um zusätzliches Geld zu verdienen.
Es gibt buchstäblich Millionen von Websites, die Sie verwenden können, aber es gibt eine, die am meisten auffällt.
That app is called Swagbucks, and it is used by millions of people all around the world everyday.
Swag bucks has a wide selection of surveys readily available for you to complete and make money off of.
When completing surveys, you will earn “Swagbucks” which is their form of points.
These Swagbucks can be redeemed for gift cards at predetermined intervals.
The best part about Swagbucks is that you can complete other offers on their site to reach the points goals.
7. Get Paid To Grocery Shop For Others
For those who have more time on their hands, such as about an hour or more at a time, you can start marking money by grocery shopping for others.
Using an app called Shipt, you can sign up to be a driver who grocery shops and delivers groceries to customers.
This app works similar to Uber as you can log in and out when you want and pick and choose which jobs you want.
Once you select a job, you will go to the grocery store, pick up the things on their list, and deliver them to their home.
Shipt provides you with a debit card that is loaded up with the amount they will need for their groceries so you will never have to use any of your own money.
You can earn anywhere from $20-$1000 a month depending on how active you are.
8. Earn Money Helping Others With Labor Tasks
For those who don’t mind doing labor work, you can get paid to do things others do not want to do.
Using an app called TaskRabbit, you can sign up to be a handyman and find jobs that pay you for doing things such as assembling furniture, helping others move, and any other small task others may need help with.
By breaking tasks into categories, you can easily find the tasks that you are most gifted at.
This will allow you to make more money and build a reputation to allow you to get more jobs quicker.
Paying your debt isn’t a fun thing. Ich verstehe das. But once you start to realize it is possible, you won’t feel so overwhelmed.
The most important thing is to get the ball rolling. People talk about taking “baby steps” whenever they have to face something that’s stressful or scary. Paying debt is no exception. Once you start making dents in what you owe, you’ll have some motivation to keep going.
Set small, immediate goals and some long-term goals for yourself. Small goals can look like setting aside $50 a week to pay a credit card balance, while larger goals can focus on where you see yourself, financially, in three years (hopefully debt-free or close to it!). Stick to those goals and keep crushing your debt to reach them.
Have you paid off your debt or are you still working on it? Do you have any other methods on how to pay off debt? We want to hear from you! Let us know your thoughts in a comment.