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7 Tips to Keep You Warm This Winter Without Adversely Affecting Your Wallet

7 Tips to Keep You Warm This Winter Without Adversely Affecting Your Wallet

As winter beckons us once again, it is time to start planning ways to keep oneself warm without adversely pinching your wallet. Below are a few inexpensive ways that will go a long way in keeping you warm this winter.

1. Reduce Heating Bills:

Heating, can undoubtedly be the biggest cost to pinch you during this winter. But there are many common-sense approaches to ease the cost:

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  • Add an extra layer of clothing while lowering the temperature on the thermostat heater.
  • Ensure that your footwear has rubber soles. Rubber is a bad conductor of heat and keeps your feet warm. Additionally it also prevents you from slipping on slippery roads during winter.
  • Shut tightly the doors and windows that are not in use.
  • Draw insulated curtains over your windows to seal drafts and prevent the heat loss within the room.
  • Leave the oven open after cooking, and let it fill up your kitchen with not just heat but also the sweet smell of food.

2. Increase Humidity:

Leave a bowl full of water in your bedroom overnight. That would increase the humidity in the room, and humidity (water) conducts heat away from the body ~25 times faster than dry air. Additionally, this would prevent your skin from getting dry thus cutting down on expensive cold creams and moisturizer.

3. Exercise More:

Physical activity helps in increasing the metabolic rate, and accelerates body heat production. Cardiovascular exercise increases the blood circulation in the body, while strength training will increase heat production in the muscles. All of this together helps in keeping you warm. Moreover, exercise increases serotonin production in the brain, which is an excellent natural, healthy, and inexpensive way of boosting your moods during the dreary winter months.

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4. Cut Alcohol:

It is a myth that alcohol keeps you warm. Consumption of alcohol causes expansion of blood vessels in the skin, and impairs the body’s natural ability to regulate the temperature. It is true, that a swig of brandy gives you a brief sense of warmth. But that is because it causes blood to rush directly to the surface of the skin. This is not really helpful since it allows the cold to enter the body. Moral of the story… cut down on the alcohol, and you will not only feel warmer but also have some spare change in your wallet.

5. Take Cold Showers:

This may seem counter-intuitive, but cold showers help improve blood circulation, and that in turn helps to keep you warm. A hot shower, causes the blood to move towards the surface of the skin, giving you a fleeting sense of warmth, while cold water makes the blood rush back to your vital organs. The ideal method would be switching between hot and cold showers. However, that might seem too torturous for most people. A good compromise would be to start with a hot shower and gradually progress towards a cold shower. This would not shock your body, would cut down on the expenses of heating the water, and most importantly keep you warm.

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6. Eat Whole Grains:

Whole grains (Wheat, Brown Rice, Oats, Quinoa, Barley, Millet) can give instant source of energy and fuel to keep you warm during the harsh winters. Whole grains are a great source of complex carbohydrates. They warm up the body, due to their quick digestion. Moreover, they are a source of vitamin B, magnesium and other nutrients that regulate the adrenal glands, which in turn regulates the body temperature and keeps you warm. In addition, stews and broths are easy to make and offer the warmth and comfort necessary to beat the winter blues.

7. Get Cozy:

Cuddling naked with your significant other (or a dog, if you are single) under a blanket will warm you up faster than a fleece sweater. Apart from being energy-efficient, there may be other added benefits as well. Have I missed out on your favorite ways to keep warm this winter? If yes, then please let me know about them in the comments. I would love to hear your suggestions :)

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Featured photo credit:  Cute mutt wearing a vintage hat via Shutterstock

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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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