- Reduce your household expenses.
Take a look around. There are a number of ways to reduce your spending. Instead of the top of the line Internet and cable package, consider reducing it or getting rid of TV altogether and watching TV via the Internet. If you still have a landline phone, get rid of it and save the extra $10 to $15 each month. Skip the daily trips to the favorite local coffee shop and make it once-in-a-while special occasion.
- Pick up a part-time job.
You may consider getting a part-time job where you only work 10 to 20 hours per week. The extra income that you make can be put solely toward paying off any debt that you have. Even if you only make an extra $300 or $400 a month that can go a long way toward digging you out of debt.
- Consolidate debt.
If you are like the average American household with a credit card, you have several thousands of dollars in credit card debt. One of your best bets is to consolidate that debt into one new lower payment. If you own a vehicle that is paid for, you can use it to secure a title loan which you can use to pay off your debt. Embassy Loans of Florida, for example, is a title loan company that has helped thousands of customers borrow money. Car title loans do not require credit checks and can be processed very quickly.
- Move.
Your biggest expense, most likely, is a rent or house payment. While it’s a little easier if you are a renter, consider moving somewhere where your payment is reduced. If you currently rent an apartment for $1,000 a month, moving to a new one with a payment of $750 gives you an extra $250 each month to use toward paying down your debt.
- Sell some of your possessions.
You probably have a couple hundred dollars, maybe even thousands, just lying around your home. Have a yard sale or go online and sell some items on a site like eBay. Check Facebook online yard sales. Local people will form groups and sell belongings to others in their area.
There are a number of ways to generate some extra income or reduce the amount of your expenses. Where there is a will, there is a way to pay off your debt.