Like most people, you would probably like to be debt-free. I am actively working towards that goal. Here are some ways I found to be helpful to pay off the debt sooner:
-Snowball credit card bills. Tackle the smallest first and pay it off. Then add the minimum payment that you were paying on that card (or the amount that you can afford) to the next credit card, and so on until you have all your credit cards paid off.
Set a budget. This is imperative so that you know where you are spending money and don’t waste money on entertainment or other things. Set a budget for all your expenses and don’t exceed that. (tip: don’t go to the grocery store hungry, make all meals at home, don’t raid your fridge late at night, and rent movies from Redbox).
-Try the Money Merge Account from United First Financial . If you want to pay off your mortgage early and save money, try using the money merge account software. This helps you calculate how much you need to pay towards your mortgage each month so that you can pay it off in about 10 years or less. It can help you save and budget your money too.
-Get a side job. Try making one of your talents, like teaching sports or piano, computer skills, scrapbooking, photography, etc. into a lucrative side business. You can do odd jobs for money. Or use the internet, sell items on eBay, do SEO work, etc. There are tons of ideas that can help you make extra income to pay towards the bills.
-Put your written goal somewhere visible. I stole this idea from my weight loss regimen, but it helps when you are trying to be debt-free too. Write down what you are doing to pay off your debt and hang it somewhere that you will see it. Perhaps put a note in your wallet so you remember what your goal is and you don’t spend!