I think it's safe to say that almost everyone has debt. You may have more than others, and that's okay. If you're in debt and trying to get out here are some easy solutions. I am not going to include getting a job (or second job), these ideas are geared towards someone that's already working as much as possible, or perhaps is a stay-at-home parent.
Get out of debt, without leaving your house
- Of course, I am going to start this list with coupons. I save a minimum of $400 each month by using coupons and stockpiling. The money I save each month goes right back into my budget for other things. I cannot stress enough how much money using coupons can save you.
- Pick one luxury item and give it the ax. Giving up something you love it never fun, but it can make a big difference. Dining out once a week, for instance, can cost a family of four $50+ easily. That's $200 per month you could be saving. Cutting out coffee or soda is another place with a lot of savings potential.
- Next, you should go through your budget with a fine tooth comb. Look for any services you can live without and cancel them. Call your cell phone, Internet, and cable providers and work out a discounted rate. Reduce your data plan, channels, etc.. Most providers will offer you a discounted rate if you extend your contract.
- Pick one online money maker, such as Swagbucks, and stick with it. Your rewards can quickly pile up. I average around $60-75/monthly in Swagbucks rewards. You do not need to apply or be approved, you do not need to spend any money to get started, and it's easy to make a little bit extra money from home.
Diving a little deeper
- Do you have anything in your house sitting in a pile waiting to be donated or sold? Round up all the things in your house that you no longer use or want and sell them online. Use Craigslist or local FB selling groups to avoid sellers fees. I was able to make several hundred dollars selling old stuff. I took it one step further by asking friends and family if they had any items they wanted to sell. By charging a reasonable seller's fee, I was able to make money while offering a useful service to my friends.
- If you find that you like selling things, start an Etsy or eBay account. For a small amount of money upfront, you can start a successful eBay business. You can sell items you already have, or you can purchase items from a store like Marshall's, and return anything that doesn't sell. If you have the ability to make handmade items or digital items, Etsy can be very lucrative.