Here are several quick tips to help you get out of debt. They are relevant to everyone, but particularly to people who aren’t bad enough off to consider debt consolidation. Hopefully by following these and similar principles, you can avoid debt consolidation entirely and simply pay off anything you owe.
Working your way out of debt isn’t easy. It takes a lot of self control and discipline. These six tips should help you get started.
1. Get rid of all unnecessary monthly expenses like cable television and cell phones.
2. Buy used. Many items you need can be purchased at a much reduced rate at a second hand store.
3. Delay all purchases by at least 2 days. Don’t buy anything until you’ve had 2 days to think it over. This will help reduce the number of impulse purchases you make.
4. Sell of older items that might still be of some value. Amazon is a great place for selling your used books and other items.
5. Eat in. A small investment in charcoal and lighter fluid can save you hundreds of dollars if it encourages you to stay home instead of eating out.
6. Make sure your savings goes toward getting you out of debt. Don’t just save money and then spend it in other areas.
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