8 Creative Ways to Get out of Debt Fast
Ready to put your debts to rest once and for all? Here are eight frugal ideas to help you get out of debt faster:
Have a Yard Sale
Extra junk around the house is money just waiting to be liquefied. Round up all of your old clothes, toys, housewares, and furniture, and have a yard sale. Then put the proceeds toward your debt of choice. Have valuable items to sell? Consider listing them on eBay or in the classified section of your local newspaper.
Couponing is a great way to save money on the things that you need, but it can also be a great way to boost your debt repayment efforts. Challenge yourself to use as many coupons as you can when you grocery shop. Then, reward your efforts by applying the money you saved toward your debt.
Do you hire someone to cut your grass or clean your house? If so, it may be time to hire yourself for the job. Tackle a couple of the projects that you'd usually hire someone else to do. Then, pay yourself by applying the savings toward your debt.
Cash in on a Talent
Hobbies are usually a source of spending, but that doesn't have to be the case. Make a list of all of the things that you're good at, and then brainstorm ways to turn them into a source of income. Could you teach knitting classes? Hire yourself out as a muralist? Become a part-time landscaper? Find a way to market your skill or skills, and turn your profits into payments.