|20 WAYS TO SLASH YOUR BUDGET AND REDUCE DEBT|
|Posted on: Aug. 13, 2017 in Money, Debt|
It’s pretty easy for people to say “get out of debt” to someone looking for financial advice. After all, if you don’t owe anyone money you’ll get to keep more of what you earn. But if getting out of debt, or even reducing it, was that easy, everyone would do it.
Debt can feel overwhelming, particularly when it feels like you can’t get ahead no matter how hard you try. What you need is a strategy that you can implement one step at a time to get you on your way. Once you start to feel momentum, it will be easier to keep it going.
Let’s be honest: There are truly only two things you need to do to reduce your debt and they are to earn more and spend less. Of course, one of them will work on its own, but to really tackle debt, you need to do both together. In fact, reducing spending is likely the only way to keep you out of debt once you pay it all off, so that’s probably a better place to start.
Here’s a list of 20 things you can do right now to slash your budget. Keep track of your savings and use what you keep to pay off some of that debt!
Saving to get out of debt, for an emergency fund, or even for a down payment on a new car doesn’t have to be difficult or painful. It just takes a little planning and ingenuity!
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