The one method guaranteed to get you out of debt
What have you tried to get out of debt? I’ve considered cutting out my fancy coffee runs to save hundreds a year. I won’t do that because I like my fancy coffee, but I could. Well, actually I most likely would if I didn’t get free gift cards for it, so that’s probably not a great example, but you get the point. I can cut cable, get a cheaper phone plan, or negotiate bills. Using coupons and combining them with sales is a given. There are a million things I can do to save more money and they would all help, but there is one thing that is hands down guaranteed to work better than anything else, and can help you pay down your debt faster than all other approaches combined.
What is this miracle debt busting technique? You already know. You won’t be surprised in the slightest when you read it, and you may even be a little annoyed. Even so, it is the absolute best way to make your debt disappear faster. Here goes. The best way to save more money and pay down debt is to make more money.
You Can’t Get Blood From a Stone, Right?
Did you roll your eyes? Hear me out! I know you probably already knew that and what you want is additional real life savings tips. There’s nothing wrong with that. But here’s the thing about focusing solely or mostly on the saving part. At a certain point there’s no more saving to be had. Cutting back on expenses and spending less is great and I am totally on board and squarely in that camp. However, after we cut, cut, cut to the bare bone, there is nothing left. Then what? The obvious, but not always pleasing answer is to make more. There’s no limit (theoretically anyway) to the amount of money we can make.