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50 Activities For When You’re Low On Budget

50 Activities For When You’re Low On Budget

When you are on a tight budget, it can be easy to dwell on the things you can’t afford to do. However, remember that happiness isn’t about how much money you have–it is about the time spent in love and with loved ones. These 50 activities won’t just save you money, they will also bring simplicity and happiness into your life.

1. Go to the public library

Take a vacation to a world away, all for free at your public library.

2. Wash your car at home

We love shiny toys. Have some fun washing yours at home for free.

3. Go for a walk

Enjoy nature and some quality time with yourself and loved ones.

4. Roman noodle cook-offs.

Compete against family and friends to see who can best reinvent this inexpensive staple.

5. Netflix marathon

Feel like a kid again having a movie marathon in your pajamas.

6. Clean out your closet

Have fun finding and rediscovering old and forgotten jewels.

7. Sleep in

Sometimes you can have the most fun doing absolutely nothing.

8. Play a board game

Whether it’s Monopoly or chess, board games bring the family together.

9. Get in the holiday spirit

There is always a new holiday around the corner. Find fun and inexpensive ways to celebrate them.

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10. Go to the park

Jump on the seesaw or go high on the swings. You will laugh and feel like a kid again.

11. Go to a flea market

You can find a lot of buried treasure at the flea market.

12. Find free tours

Find free tours at your local museum, winery or draft houses.

13. Indulge a little at happy hour

A weekend night out with friends can be expensive, so indulge a little with cheap happy hour drinks.

14. Go camping

You don’t need an expensive five star resort when you can pitch a tent under the real stars.

15. Go hunting or fishing

Save money on groceries and take advantage of what nature has to offer. You can start to eat healthy.

16. Have a garage sale.

Earn some cash for your clutter by having a garage sale. Finally start your rainy day fund.

17. Window shop at the mall

Try stuff on; enjoy the hustle and bustle of being around people. Woo and awe over all the latest gadgets without spending a dime.

18. Try new recipes

Just because you can’t afford to dine out, doesn’t mean you can dine in with style.

19. Catch some rays

Get your vitamin D fix with some early morning sun rays.

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20. Take turns reading a book out loud

Make reading a group activity by sharing it with your family.

21. Listen to music

Listen to your favorite tunes to sooth the soul.

22. Take a bubble bath

Enjoy some me time while soaking in some soapy bubbles.

23. Download free apps.

Technology offers new and exciting apps you can explore for free. Many of them can even help save you money.

24. Grocery shop on the weekends.

Often on the weekends large grocery chains will sample out some of your favorite products. Shop on the weekend to take advantage of some favorite treats.

25. Take turns swapping massages.

You may not be able to afford a spa day, but you can still enjoy the benefits of “if you scratch my back, I ll scratch yours.”

26. Catch a matinee

Watch the new releases at half price.

27. Have fun on the Wii

Compete with family on your Wii or Xbox. Loser does the dishes.

28. Play in the rain.

An epic mud battle can be better than the greatest water park. Loser walks home.

29. Karaoke and dance off.

Do you have what it takes to make it on American Idol?

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30. Do an art project

Who knows, you might be the next Picasso.

31. Start a blog

You can start free blogs at WordPress or TypePad. Tell the world about your daily life or your thoughts on events in the world.

32. Research your city

You may find cool places and spots you didn’t know about.

33. Play a sport.

All you need is a ball, an open space and some friends

34. Check out your local farmers market.

Explore the stalls of homemade crafts and sample fresh, organic fruits, veggies and cheeses.

35. Geocaching

All you need are GPS coordinates.

36. Try new workout activities.

Add some zest to your workout. Try new classes at your local gym.

37. Play with your pet.

They also need your attention.

38. Go on a bike ride

Enjoy the freedom of riding a bike on nature’s trails.

39. Make your own how-to YouTube videos

Get silly, have fun and explore a passion for the world to see.

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40. Call your loved ones

Everyone is just a phone call away.

41. Explore the thrift store

Update your wardrobe without spending a lot.

42. Go for a drive

Sometimes in life you just need to enjoy the ride.

43. Meet the neighbors

Your new best friend may be living right next to you.

44. Kiss your sweetheart

The best things in life are free–so is love.

45. Clean up your finances.

Build a budget and make plans for your future well-being.

46. Look at old pictures and photo albums

Take a trip down memory lane with some old photos with family and friends

47. Make a poor man’s mocha

Instead of spending loads of money on expensive coffee drinks, make your own. Try mixing a packet of instant cocoa with your morning coffee.

48. Enjoy the seasons

Go swimming in the summer, rake leaves in the fall, build a snowman in the winter and give flowers in the spring.

49. Volunteer

On a tight budget it may seem like you have very little. You can put things in perspective by helping others who are less fortunate.

50. Write a bucket list

You may not be able to afford all the grand ventures you want for your life, but that doesn’t mean you should stop dreaming.

Featured photo credit: Whitney Baugh via blog.pennlive.com

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

More Tips on How to Pay Off Debt

Featured photo credit: rupixen.com via unsplash.com

Reference

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