There are plenty of ways to get out of debt and not all of them will work for you. This is why you often hear people giving multiple advices to get you started. Here are some smart ways you can avoid getting into debt so you can save up what money you can to pay off existing dues.
1. Say No To Idleness – By doing nothing you’ll often find yourself eating for the sake of it or watching television for the sake of it. If such a state happens to you when you’re outside, you’ll probably go shopping for the sake of it. This is no way to get our of debt because from advertisements to all sorts of other distractions, you will end up losing more money than earning it. So whatever you do, don’t be idle. Instead get creative and find if there’s anything that you can do in that time that might help earn you some cash or has the potential to. Of course, be careful not to spend too much in this venture because it’s only something you’re up to when you feel like you’re idling.
2. Excess – Too much of anything is bad and the symptoms are debt. You are spending your money on all sorts of things assuming that you need to have this, vacation there, buy that or whatever just to fit in to society’s mould of ‘what’s trending’. There’s no point to that whole mess. How will any cash be saved up with an attitude like that? Time to minimize and get practical. This means sacrificing many of the indulgences you’re used to. They take up time and money, and if they aren’t going to help you get our of debt then those choices are ‘fun freeloaders’ and you can’t have them in your life.
3. More the Merrier – Get extra side-jobs that help you earn a few bucks. It may seem like you’re stressing, overworking and behaving much like a sophisticated beggar but when it comes to money this is the harsh reality. If you don’t do it, someone else will and take that money home with them. You need every single buck you can get your hands on to get out of debt. Hobbies provide a means to make things that people will buy. Skills in music, writing etc. have a chance to help you make it. Online work using your computing skills could be yet another additional source of income. Think of it this way, if you were to lose your main job tomorrow you’ll have made some inroads in these side-jobs to keep you going. Extra work is a smart measure of financial security.
When it comes to all three of the above points, notice that you’ll have to give yourself excuses to do them. When you’re idle create some excuse or other not to be, find reasons or even lie to yourself and get to work doing something to help with your debt even if it means sitting down and earnestly reading up on your problem like you’re doing now. This is one fact more than you may not have known a few minutes ago. Give yourself excuses not to live in excess and list points why you don’t need to buy something. Find all the excuses under the sun to get side-jobs and find more excuses to work on them. We reason everyday and all our choices are put to the same test of inner reasoning. You might as well use excuses to fool yourself into doing the right thing because excuses happen anyway and uncontrolled ones just might take you down a dark debt-filled road.