Creativity Can Make You Debt-Free

by Mike on February 6, 2013

Pay off debt

The Truth on How to Pay Off Debt

Have you ever tried to pay off debt and end up frustrated and discouraged? Have you attended countless seminars and bought a lot of books on how to get out of debt but still ended up drowned in debt? You might even be wondering how in the world you can pay off debt. If you are waiting for someone to rescue you from debt, forget about it. Chances are the other person is also busy paying off his own debt. In addition, you might end up having more debt if you depend on someone to make a debt rescue operation on your behalf.

Here’s a grain of truth – paying off your debt is like losing weight. One they are never easy; and two, they both take time. Just like losing weight, being debt free does not happen overnight nor is it pleasant. Paying off your debt is a slow process. Just like losing weight, you have to be conscious of the process or you will have to accumulate more by eating too much when celebrating your little victory.
pay off debt

Five Creative Ways on How to Pay Off Debt

In trying to pay off debt, you have to make certain sacrifices. It means you even have to modify or change your lifestyle to dissolve that debt. It also means that you have to find other ways how to increase your income. You can choose between the two, or you can do both. The good news is you don’t need to go and look around for ways how to do this. In fact, you might be surprised to know that the answer lies in the things around you.

    • Get cash from that talent. Every person has a talent and so are you. It’s high time that you put your talent to good use and get paid for it. If you have a knack for writing, you can find a number of sites to get writing assignments you can do on your free time. If you are good at a certain subject, you can be a tutor and get paid by the hour. If you love to bake and give the goodies to your friends, it’s time that you get cash for it. You can babysit, be a photographer, or a graphic designer on your extra time.

pay off debt

  • Conduct a yard sale. Somebody else’s garbage can become another’s treasure. This truth applies to you as well. Look at the things that you don’t need or use anymore. It can be old clothes, shoes, toys, electronic gadgets, and even furniture that just take more space in your basement or garage. Provided that they are still in good shape, clean them and conduct a yard sale. Why let them waste away when you can convert them to cash?
  • Use coupons. Coupons are there for a reason – for you to use them. You can find them anywhere, even in the most unlikely places – your mail, your newsletter, or your local grocery store. In order to make the most out of coupons, buy multiple copies of the same coupons. Aside from saving through coupons, you can also make money from them by selling them.
  • Take advantage of sales. Watch out for items on sale whether it be in your local grocery or department store. Some groceries even have a buy one take one offer on some popular food items. On the other hand, you can get a lot of savings when you buy your clothes in surplus stores. These clothing items usually have little defect that did not pass the quality control test.
  • Do it yourself. Most home fixing jobs are not really difficult or complicated. The only reason why most people don’t do it is that they are time consuming. Calculate how long you are able to finish the painting job you want and when you want to do it so you can set aside a time for that. Thus, you can use the money you will pay the handyman to pay off debt instead.

There is money everywhere you look around. Money you can use to set you free from debt.  You just need to change your perspective and let your imagination work for you in order to produce more cash for your financial freedom.

{ 1 comment… read it below or add one }

1 Cat February 12, 2013 at 4:18 am

Change your oil for about $25!! You can buy the oil on sale when they are selling the oil/filter. All you need is one tool to take the nut off the oil well, drain it into a pan, close, refill, and poof – you’re done!

If you don’t mind getting a little dirty. 🙂

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