In order to tackle your debt you will need some extra money to pay the bills you owe. If this means getting a second job then those are the sacrifices needed. Also a simpler approach that will help free up some extra cash is to cut back on some luxuries. Here are 10 simple tips:
- Brown Bag it to work
- Don’t drive with you air conditioning on unless it really hot. It cuts your mileage by 20 percent
- If you have a 30-year fixed mortgage, making a payment every three weeks instead of every month can reduce the amount of interest paid significantly.
- Learn to love leftovers. If you want to trim your food budget in half then you will need to stretch each meal into two.
- Save on postage by paying bills online. Also this will reduce the risk of paying late and absorbing those pesky late fees.
- What’s wrong with catching a matinee instead of going to the movies at night. Matinees provide with with the same movie at a discount
- Bundle your media services. Cable, Internet & Phone all on one bill. Most companies are more price effective using this method.
- Use your debit card for purchases instead of your credit card to avoid credit card interest and fees.
- You will spend less n food if you shop with a list and stick to it.
- Shop out of season
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