Advice | Four Ways To Get Out Of Debt

Summer for me always feels a little more spendy than Winter. In the winter months we hunker down and take joy from making a nice hot chocolate and curling up on the sofa at home to watch TV. However, during the summer months I want to be outside, I want to go out for drinks, do more activities on an evening, and eat out more. It’s also the time of year that most of us go on holiday, which can be expensive, especially if you’re one to go all out on a brand new summer holiday wardrobe!

There are of course ways of doing things on the cheap. I wrote a blog post not that long ago, all about saving and being financially stable. But what if you already have debt? What if you have every intention of saving and being intentional with your spending habits, but you have a black cloud of debt hanging over your shoulders?

Well, I’m no financial advisor, but here are a few tips and tricks that may provide some guidance to help you get out of debt and get you back in the black, as they say.


You have to do as much as possible to make sure you consolidate your debts and pay them off more easily as a result. This means getting in touch with debt consolidation and debt management experts and working with them to figure out how to get out of debt as quickly as you can. Consolidating certainly makes things easier, and will make the process much less stressful.

Trim Expenses

It is also important to look at what you can do to trim your expenses and ensure that you are not spending as much on a monthly basis. There is bound to be an area of your life in which you are spending too much money, and you don’t need to be. Cutting your expenses down is really important and leaves you with more to spend clearing your debts.

Put Any Spare Cash Toward Your Debts

And this is actually really important, and something people struggle with. Any spare money you have should be used to spend on your clearing your debts. Earn a good bonus from work? Use it toward your debt. Come into some money unexpectedly? It needs to go toward clearing debt. The sooner you are out of debt, the better it will be in the long run, and that is important for benefitting you in the future.

Get Rid of the Credit Cards

Your credit cards might seem like a blessing when you first get them, but they can actually wind up being an albatross. It is so easy to get into debt when you have credit cards, so this is something you need to keep in mind. If you haven’t got credit cards, try to make sure you keep it this way, if you do have credit cards you’ve got to make sure you get rid of them."


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