Debt can be a scary thing, and unfortunately, it is also something that many of us have had to deal with at some point in our lives. It can feel pretty overwhelming and the temptation is to hide your head in the sand. But try not to do this; instead, take a look at these ten helpful tips from people who actually got out of debt.

A Budget is the Key to All

I’m willing to bet more than I have that each of us have a rough idea of what we bring in and what we send out in terms of our finances. Maybe on a weekly basis, maybe on a monthly basis. We have an idea, however sketchy, of our financial picture. And the first thing to address is your budget. Get specifics. Get statements and go through them. Go through them thoroughly. Here and only here lies the secrets to straightening up your financial situation. 

Use Cash

Once you’ve got your budget setup, a good trick is to take the money you will send that week out in cash and leave all your debit cards at home. This way you will know exactly what you’re spending and there’s no chance of going over budget. 

Better Be a Debt Go-getter

Having big debts can be a difficult and uncomfortable experience. But the best thing to do is to face it now rather than later. Open that envelope, make that phone call, and make those payments. I promise you, it won’t be as bad as you’ve built it up to be. 

Stop Borrowing Money

It’s very tempting to borrow a ten from a friend because after all that’s what friends do and you’d do the same. It’s normal. But the thing is if you borrow you’re gonna have to pay it back. And the same goes with credit cards, payday loans, and anything else. 

Change Your Spending Habits

Maybe you can skip on that take-out coffee. Maybe you can take a packed lunch to work. A big part of this whole getting out of debt thing is that you’re going to have to be strict with yourself. 

Smart Savings

The weekly food run can be a big drain on resources. Even a small family can rack up quite the bill buying food and other essentials. But the chances are that there are loads of ways you can cut back on this weekly expense. Take a look around at different supermarkets and grocery shops. They’re competitors and this means that there are bargains you can take advantage of. 

Payoff Credit Cards

This will be one of the main obstacles that you will have to overcome. Get this handled early on in your plan and the rest will soon follow.

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No matter how much debt you’re in, there are always some great habits you can start now to pay it off. So give some of these quick tips a try and let us know how it goes!