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6 Tips That Can Help You Get Out Of Debt

6 Tips That Can Help You Get Out Of Debt

A lot of people don’t think that being in debt is a terrible thing. They think of it this way until they find themselves in debt without any options of getting out of it. Most people actually become indebted because of this attitude.

Fearing debt is a good thing — it keeps you in check. Things happen so quickly and before you know it, you can find yourself caught up in a difficult situation. If you didn’t have the right mindset before, when you really should have taken action to avoid the mess you’re in now, then it’s time to change your attitude and get back on track.

Don’t be scared; this happens to a lot of people and you are not the first nor the last person trying to get out of debt. There are many of us who have gone through the same thing, and if others could get out of it, why shouldn’t you?

There is no time for fooling around and you must start working on this issue seriously. It’s not going to be easy, but then again, nothing worthwhile comes easy.

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1. Create a plan

The first thing you need to do is sit down and look at all the numbers. See how much you are spending, where you are spending it, how much you are earning, and come up with a plan based on all the numbers. You can even see where you can save money by just looking at your budget.

Who knows? Maybe you subscribed to something a while ago and forgot about it since it didn’t mean anything to you back then, but now this money can be used for paying off your debt on a monthly basis. See if you have any unnecessary costs you can cut and come up with an amount you can afford to pay off each month.

Once you set this, you should make sure to stick to it and never neglect your plan. One of the most important factors when trying to get out of the debt is not to get demotivated. When you set monthly goals, you will achieve mini-victories and encourage yourself even further.

2. Pay off your high-interest debts first

If you have credit cards or some other form of debt that has high interest rates, you should look to pay them off first. Interest rates will pile up over time and the longer you wait, the more money you will lose. Pay them off as quickly as possible and improve your credit score as you start to get your finances back on their feet.

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3. Prepare your food by yourself

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    One of the first steps is to start saving up and, depending on the amount of debt you have, drastic measures might be required. This doesn’t mean that you won’t eat or that you will be forced to eat unhealthy foods. On the contrary, you can eat solid, healthy foods for a cheaper price than at restaurants or fast food joints.

    Get simple ingredients and cook decent meals. Set aside some time for preparing your food and you are good to go. When you buy pre-prepared food, you also pay for the service of preparing the meal for you — you do this yourself and cut those costs. There are many recipes for cheap and tasty meals you can find as well, so that your stomach can enjoy itself while you pay off your debt.

    4. Find a second job

    Times are hard, and if you are really that desperate and in a hurry to pay off your debt, you can find an additional part-time job that can earn you extra cash. Besides saving up money, it is also important to earn more, and you can do this by putting in additional work at your current job and working overtime or by working two jobs at the same time. Everyone has some skills or talents and you can try and monetize yours, no matter if we are talking about teaching English online, writing, babysitting, delivering packages, etc.

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    Anything you can find will mean a lot to you, especially if you get a job at a restaurant where you can get free food as well. It won’t be too fresh, but it’s still healthy food and you won’t pay a dime for it. There are a lot of people who have two jobs just because they want to advance in their careers, and if they can do it, why shouldn’t you try this method as well to save yourself from a financial disaster?

    5. Sell the stuff you don’t really need

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      Another way you can quickly earn some cash is to sell some of your stuff. Most people have a lot of stuff just laying around. We don’t really need this stuff to live our lives, and we just cling to it, hoping that we will do something with it in the future. Well, this is a good opportunity to do something with this stuff — sell it and help yourself get out of debt quickly.

      If you live in a suburban neighborhood, you can set up a garage sale. This is usually the quickest and the cheapest way you can sell a bunch of stuff without having to put in a lot of work and time. If not, you can sell stuff online on various marketplaces. This may seem like a long shot to you, but trust me when I tell you that no matter how much something may seem uninteresting to you, to somebody else, it might be the thing they were waiting for their whole life.

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      6. Move back in with your parents

      If you are still single and you don’t have a family, a good move is to try and move back in with your parents for a while (if they let you). This will give you the option to use that rent money for your monthly payments and speed up the process even further. Your parents might even offer you a meal from time to time — nothing wrong with that. Of course, you will have to listen to them give you lectures about your life and where you went wrong, but hey, this time it seems like they have the right.

      Try out these hacks and I guarantee that you won’t regret it. Like I mentioned before, this is no game and you will have to take your debt seriously if you want to deal with it as quickly as possible. No matter what type of debt is burdening you, there is a way out of it. You just need to work hard and take responsibility for your actions. Do not even think about getting a loan to pay off your old debt — it is an endless loop of interest rates and you will make it even harder on yourself.

      Featured photo credit: Cathryn Lavery via unsplash.com

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      Ivan Dimitrijevic

      Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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      Last Updated on July 4, 2019

      25 Killer Sites For Free Online Education

      25 Killer Sites For Free Online Education

      Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

      Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

      1. Coursera

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        Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

        Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

        Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

        2. Khan Academy

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          Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

          Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

          3. Open Culture Online Courses

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            If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

            Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

            4. Udemy 

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              Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

              Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

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              5. Academic Earth

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                Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

                Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

                6. edX

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                  Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

                  7. Alison

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                    Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                    It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                    8. iTunesU Free Courses

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                      A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                      Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                      Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                      ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                      9. Stanford Online

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                        Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

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                        Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                        10. Harvard Extension

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                          Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                          Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                          11. Open Yale Courses

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                            Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                            12. UC Berkeley Class Central

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                              Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                              13. MIT OpenCourseWare

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                                Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                                14. Carnegie Mellon Open Learning Initiative

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                                  Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                                  15. Codecademy

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                                    Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                    The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

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                                    16. Code

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                                      Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                      In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                      Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                      17. University of London Podcasts

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                                        The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                        18. University of Oxford Podcasts

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                                          Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                          The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                          19. BBC Podcasts

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                                            For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                            Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                            20. TED-Ed

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                                              Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                              Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

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                                              21. LessonPaths

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                                                LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                                22. Memrise

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                                                  Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                                  Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                                  23. National Geographic Kids

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                                                    The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                    National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                    24. Fun Brain

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                                                      Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                      Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                      25. Whyville

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                                                        Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                        Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

                                                        More About Online Learning

                                                        Featured photo credit: Dai KE via unsplash.com

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