Reducing your living expenses is a great way to Dump Your Debt. The more money you save on living expenses, the more you will have to pay off debts and to pay for purchases in CASH! Here are some examples of what you could do to reduce your debt and other monthly expenses.
Spend less on food:
Use coupons
Shop sales
Grocery shop with a list and stick to it
Cook at home instead of eating out
Cook from scratch rather than eating premade dinners
Take your lunch to work
Make your own coffee
Buy reusable water bottles and filtered pitcher rather than bottled spring water
Cut your transportation costs:
Avoid unnecessary driving
Run all errands in a single trip
Carpool
Work from home if you can
Reduce what you spend on clothes:
Forget about designer labels
Buy trend-proof clothes
Wear layers in the winter instead of buying new sweaters
Don’t forget sales racks, thrift stores, consignment and garage sales
Launder your clothes appropriately to get longer wear
Avoid dry clean only labels
Reduce entertainment cost:
Cancel movie subscriptions like Netflix or Blockbuster
Exchange movies with friends instead of renting
Catch movies on cable instead of going out
Books: Use the library instead of buying new books
Music: Purchase a song or two through Amazon or iTunes instead of purchasing an entire album
Have game night with family and friends
Reduce living expenses:
Move to an apartment with lower rent
Refinance your mortgage for a lower interest rate
Get a roommate (or two)
Do it yourself:
Wash your own car
Mow your own lawn
Paint your own nails
Get a low maintenance hair style and do your own hair
Lower utility bills:
Turn off lights you’re not using.
Unplug gadgets like your cell phone charger and microwaves. They suck energy and generate heat as long as they’re attached to a power source.
Use blankets in the winter rather than adjusting the thermometer
Clean the dryer lint trap after each load to improve dryer efficiency
Insulate behind electrical outlets and switches
Install storm doors to prevent energy loss
Install motion sensors inside and outside
Program your thermostat
Change your bulbs. Swap your incandescent bulbs for compact fluorescents.
Water the grass less
Because the refrigerator is one of the biggest energy-users in the home, a refrigerator should be operated at maximum efficiency. This means opening the door only briefly and adjusting the “Cold” control according to the manufacturer’s directions.
Reduce other bills:
Cancel premium channel subscriptions
Go basic
Shop you car insurance around you may be able to find a lower rate
Get rid of pay-per-view and movies on demand
Ask for a promotional rate
Get rid of your home phone and use your cell phone as your primary phone
Try Voice Over IP(VOIP), it’s usually much cheaper than standard phone service
Bundle your phone with your cable and internet
Get the right minute plan for your cell phone
Turn off unnecessary features, even if you have to talk or text less
Stick with the pre-installed ringtones and applications instead of downloading new ones
As you are working your way through this process of trying to reduce your bills and expenses, don’t’ get frustrated and give up. This process may take you a few days or even a few weeks depending on your situation. Once you have completed this step you will find that it was well worth the effort. For more information, download our Free Ebook “Winning The War On Debt”.
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You must attack your debt with quick and decisive blows. The first thing you will need to do is find out where you stand. You must know where you stand before you can determine where you need to go. This step should only take a few minutes but it is an extremely important first step towards establishing a budget. It’s called taking a Financial Snap Shot. For more details on how to take a financial snapshot review this article “First Step To A Budget”.
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One of the best ways to reduce your debt is to use CASH. You will quickly find that you spend much less when you use cash. You won’t have to worry about overdrawing your account or running up your credit cards when you use cash.
Only carry with you the amount of cash that you want to spend for the week. When it is gone, you are done spending. Buy your groceries with cash. Shop for clothes with cash. You will suddenly find that coupons and bargain shopping becomes a much higher priority when you are spending your cash. Take the money you save and apply it to a bill. You will find yourself quickly on the road to debt freedom.
Simple tricks that’ll lighten your debt load.
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Im a Single mommy of one beautiful boy, and im 20 years old. I have somehow managed to mess my credit up so badly that i cant get a credit card, line of credit, contract of any kind. nothing.
I want to get married one day and be able to do that freely & I want to be able to have a credit card and build my credit back up Im about ,000 in debt or so. and i need out, and i dont know what to do. HELP!
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I know it sounds weird to some of you cause usually people can’t wait to get out of highschool but I’m terrified of leaving. I just finished my junior year of highschool and I’ve realized pretty soon my whole highschool experience is going to coming to an end. I’m just really scared of graduating and knowing i’m going to soon be entering college.
College is terrifying because
1. you have to pay for it yourself.
2. college puts people in serious major debt
3. as much as we don’t want to think so, you’re NOT going to keep in contact with your highschool buddies. maybe 1 or 2 you will if you’re lucky, but 99.9% of them, you won’t. although i wont miss mostly everyone at my school, there’s going to be a handful of people [including teachers] i will miss soooo much.
4. after college, you need to work and provide for yourself.
i still feel so emotionally immature to start that new chapter in my life. i already decide i’m not going away to college..so i’m going to a city college.
i know that in senior year, once 2nd semester comes [around early february] that’s it.. highschool’s over.. you pretty much know what college you’ll be going to.. and everyone just stops caring..sort of. senior activities start.
idk i’m just really stressed out and scared.. i don’t know how to get over this anxiety. :[
please help me.. give me some words of advice? i just feel like highschool went by sooo fast.. too fast. :[
thanks <3
Thanks guys!!
your kind words are really helping <3
keep em coming <3
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If anyone say yes, how will it be achieved the quickest way?
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I’m thinking of filing for bankruptcy, to get out of debt. But I also wish to purchase a house. After filing how soon can I buy a house?
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With no chance of ever owning a home or getting out of the debt?
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