get out of debt

25 Wonderful Ways to Stay Frugal and Beat Debt

get rid of itBeing frugal is always a challenge. However, the positive outcomes help you lead a better life. Therefore, we should all the time maintain frugality in our life whether it is our day-to-day essentials or entertainment activities. Given below are 25 wonderful techniques to remain frugal and overcome the curse of being indebted:

1) Use coupons prudently – Clipping couponsfor the commodities you use on a daily basis is a good idea.

2) Go for a balance transfer credit card – When you have a number of credit cards with high balances and interest rates, transfer them to one single card with an affordable rate.

3) Make your lunch at home – When you’re going to the office, prepare your lunch and brown bag it to work.

4) Raise your insurance deductible – This will help you reduce your annual insurance costs.

5) Take the bus to office – Don’t drive too often if it’s not needed. Take a bus en route to your workplace. Cycling or walking to office is not bad either.

6) Wash your clothes on your own: Don’t send your clothes to a laundry. Instead, use your home washing machine and natural detergents to clean them.

7) Stop impulse buying: Your impulse buying behavior might make you fall in debt very soon. So, get rid of it immediately.

8) Hire books and DVDs from the library: Thisalso controls your needless spending on leisure and entertainment.

9) Share your meal with others: When you are eating outside with your friends or known people, request them to contribute for the meal. In this way, you can cut down your dining costs outside.

10) Buy your gadgets online: Be it an iPhone or an android phone, buy it online to save a lot of money. Online buying always involves a lot of discounts and offers and is a more preferred option than offline buying.

11) If needed, buy used items: Craigslist is a good resource of useditems in good condition.

12) Quit smoking and drinking: This is difficult but essential to be frugal in life.

13) Learn minor house repairs: This is quiteimportant. Doing small house repairs without anybody’s help also brings a sense of satisfaction in you.

14) Stop borrowing without need: Some of us have the habit of applying for new credit cards, home loans, auto loans, and other varietiesof creditevenwhen we don’t need them. This should be stopped at any cost.

15) Don’t buy insurance cover which you don’t need: Unnecessarycoverwill onlyraise your financialdifficulties.

16) Create a sensible budget and follow it: See the areas of your income and expenditure. Set a rational budget and follow it sincerely. Try to save some money every month.

17) Plan your trips in off season: Traveling in off season is a realistic way of saving money.

18) Drive slowly and cautiously: Driving fast will cost you more in terms of fuel. You can also be booked for a speeding ticket.

19) Get sample medicines from doctors: You can always getsample medications from your physician when they get them for free.

20) Look after yourself: You should build up a consciousness of healthy living. Eat the right food, exercise daily, and maintain your dental hygiene.

21) Increase your water intake: Rather than sipping on artificial beverages, drinking water is a much better and hygienic way of quenching thirst.  

22) Be a wise shopper: Only buy things that you can’t live without.

23) Cook at home: Rather than buying expensive and junk food from outside,try to cook healthy and delicious food in your home.

24) Drink coffee at home: Your coffeemaker is your best friendhere.

25) Save on telephone costs: If you have a mobile phone, just do away with your land line phone.

Follow these tips and soon you will notice a drastic improvement in your lifestyle which will make you a better personal finance manager altogether.

Staying out of debt is becoming more popular with young people today. Many college students are choosing to take online courses in order to have time to work during the day, as many top universities, for example Lubbock Christian Online, are offering their online versions of their best courses.


How To Get Out Of Debt – Fast!

How To Get Out Of Debt – Fast!

Are you hopelessly in debt? Have you maxed out your credit cards and feel like you have nowhere to turn to? Is your net worth now in the negative? Don’t despair. There is a way to change your current situation. You can still turn things around and make it better. Let me reveal to you 4 steps on how to get out of debt – fast!

First, plug the hole. If there is a leak in your tub no matter how much water you put in, it can never be full unless you plug the leak. In the same way, in order to get out of debt find out why you are in debt in the first place. Track down your expenses and determine where the bulk of your money has been going. Has it been going to shopping sprees, eat outs or expensive vacations? Figure out where you are putting your money and take control.

Second, cut back. You are in debt because of one simple reason: you are spending more than you earn. No matter how much you earn your expenses will always be in proportion to your income. The solution to this is to live beneath your worth. Do not overspend. Cut back on unnecessary expenses. If you have been going to an expensive gym then opt to go jogging instead. If you have been eating out 3x a week then cut back to once a week. If you enjoy going to movies every weekend chose to watch dvd’s at home. It is the little things that matter and these will make a big difference on your bottom line.

Third, cut down your credit cards. You do not need 3 or 4 credit cards. You only need one. So if you own 4 cards cut the other three in half and just leave one for emergency use. Credit cards are not evil. They are neutral. But in the hands of undisciplined people they can be dangerous. If you are not careful they can be the cause of your financial downfall. One disadvantage of using a credit card is that it makes spending much easier. Why? Because you don’t see money disappear. It’s a lot harder to hand over a thousand bucks than your credit card. That is why it is much harder to control yourself when you go shopping with your card. To minimize temptation always buy in cash.

Fourth, save at least 10 % of your income. When it comes to money it doesn’t matter how much you earn. What matters is how much you keep. So every month put away at least 10% of your salary. Never touch it. The only time when you can touch that money is when you are going to invest it. This will allow your money to grow and will provide you with the knowledge that you will never run out of money.

Amy C. is an interior decoration aficionado and online marketer.  She also likes testing and trying new home and office decorating themes.  In addition to being an interior decoration hobbyist, she enjoys designing calming solar fountains and glass art.  Amy invites you to browse her delightful collection of glass vases


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