If you call your creditors you may be able to negotiate a better interest rate. Even if they take 0.5% or 1% off, you’ll be better off.
Try and haggle
You might even be able to negotiate debts. A creditor may be willing to accept less if there is a lump-sum payment on offer.
Pay your debt first
Pay your debts first. This way you won’t ever miss a payment.
Use challenges
Staying motivated can be difficult. Coming up with little challenges can keep up your motivations. For example, not buying any take-away for a month.
Alternatives to gifts
Gifts can cost a lot of money, and while you probably can’t get out of buying your niece a present, you can probably give your husband a massage voucher.
Small goals
It can take a long time to get debt free. Setting small goals for example, reducing your balance by $100 this month is a small but achievable goal.
Don’t compare yourself to others
Don’t compare yourself to others; compare yourself to who you were yesterday. Are you better than yesterday? Are you in less debt than yesterday? If you are, celebrate!
Read success stories
Reading other people’s success stories can help you stay motivated and give you great ideas on how to get out of debt.
Stop digging
This is the absolute first step towards getting out of debt. You need to stop accumulating debt.