Some suggestions to lower your bills are easy some you may have to do your homework and work a little with the companies to get them lowered. But to get out of debt you will need to face the issues and work on them one at a time.
To get a better rate on your credit cards till you can get them paid off you can call and ask the creditors to reduce the interest rate if they can, some will some won’t. Or find a credit card that you can move all your balances to that offer a zero interest rate for a few months, then cut up the credit cards and close out the accounts that you transferred the monies from. The key thing to do is to pay off the credit cards, but if you can pay less interest that will free up more money that will go to the balance. Making more than the minimum monthly payment on the cards will also lower the balance faster making it go to a zero balance quicker.
There are simple changes that will save you money that everyone can do to save money. Have your check directly deposited into your bank if you can. This way you won’t be tempted to spend it before paying off your bills. Then to have spending money every week take out only what you have earmarked for spending money. Once that money is spent you can’t take out any more money. Putting your debit card away and not taking it with you during the week will prevent you from breaking your budget.
Looking over your monthly bills you can find ways to cut back money it won’t be easy or fun, but very necessary. Can you lower the water bill by saving money? Taking shorter showers will save gallons of water every month. Investing in energy saving light bulbs will help cut back the electric bill. Some people will go as far as shutting off the hot water tank during the day while they are not home, then turning it back on when they come home with the reasoning that hot water is not needed when no one is home. This is one way that you can save money on your electric bill.
Groceries are the next place where you can actually save money every month. Look over the weekly ads and plan your menus around that. Shopping once a month may help you save more every month. If you shop once a month you will have to have your menu already written down so that you know what you will have to buy and to have an extensive list to go by. Shopping at bulk stores will help you save money if you have the room to store the things you bought in bulk. Having a freezer no matter how small will help you store food and giving you the option to stock up on sales. Making your lunch instead of going out to eat at work everyday will be another great way to save cash during the week.
Making just a few changes in the way you use electric and foods you eat can save you money every month that you can then put towards your debt and get yourself out of debt faster than you would if you didn’t make these changes.