Debt Reduction Tips Every Joe Needs

Are you currently living each day worrying where you will get money to pay off your debt? Well, it's about time you start reading up on some debt reduction tips that will help you manage your money as well as stop you from living off your paycheck! If you do not make a move, you will not go anywhere. Your debt will only keep accumulating until such time you are already broke. For this, here are some of my tips on how you can reduce your debt:

  • As obvious as it sounds, you need to STOP BORROWING MONEY. Yes, this includes your credit card transactions. If you keep borrowing money, whether it's cash or credit, you will be surprised at how much your expenses add up to. If you are having a problem managing your spending on your card, you should have your card cut and pay for your purchases through cash, debit card or check.
  • The other debt reduction tips that you can follow is to allocate your money so you can pay your debt. If you have some things you don't need at home, why don't you sell them by having a garage sale? You can even use websites like eBay or Amazon to get rid of your old stuff.
  • Combine your debt to come up with a more favorable interest rate. If your condition allows it, you can get a bank loan in order to pay off your debts and credit cards.
  • Keep reminding yourself that you should not be too lenient with your credit card spending. Once your charges accumulate, you might have been better off with a bank loan instead.
  • If you have a few debts at various interest rates, focus on paying off the one with the higher rate first.
  • Cut down on your daily expenses. Find out if there are some things you can avoid spending and get for free instead. One of the key tips here is to avoid eating out too often. Instead of paying for an expensive meal, you can cook your own dinner.

By following these debt reduction tips, you can find a way to stop spending so much money. Now, you will be able to put your hard-earned money where it really belongs: your savings account!


Samuel Levitz is a respected author and leader in the Online Marketing Community.  He offers FREE 90-day training for your business.  Visit him now at

Go Deeper | Website

Want More?

New Graphic
Subscriber Counter