Sell Sell Sell

If you really want to get out of debt forever, then one of the first steps is selling everything you can. So if you do have a lot of stuff, then selling it can be a great way of generating some much-needed funds.also living with less can be very liberating.

Get Your Expenses Down

Try to reduce all of your expenses such as utility bills, fuel costs, household shopping, and entertainment. If possible move to a less expensive place. Try changing your lifestyle in order to find free or inexpensive ways of having fun.

Up Your Income

Are you able to find a second job, or turn a hobby into a profitable business. If you do have spare time, look for ways that you could use this time to earn an extra income.

Track Your Spending

Get into the habit of writing down everything that you spend, make sure that you include every single spend down to the last penny. By doing this you will be gaining a better awareness of where your money is actually going. Once you are in full control of your outgoings, those savings could be used to pay off your debt.

Pay off Your Debt

Every bit of money that you gain from doing the above should then go towards paying off your debts. Remember once you have paid off your debts, you will have more money for yourself!

Say No to Using Credit

To get out of debt you cannot create more debt. So stop using credit cards and overdrafts to paper things. Say to yourself if you do not have the cash to buy it, then don’t.

Prioritise Your Life

Make a list of the things that matter the most to you eg your health, having a safe home, work that you enjoy, financial stability for your family. If you manage your finances around these priorities, you will feel much better about it all.

Internet Twitter etc

The internet is a great source of information. Find blogs and follow people on Twitter that are frugal or thrift related. By following these sort of people you will get some great tips and ideas to help you on your journey.