If you’re like the vast majority of Americans, you probably have experienced or will experience debt in your lifetime. In fact, according to these startling statistics, the average resident of the U.S. has about $38,000 in debt! This is something that seems to be on the rise in much of the Western world, so much so that many people seek debt solutions with all sorts of debt consolidation agencies and other financial institutions. Unfortunately, this trend does not seem to be on the decline.
Thankfully, there are creative ways to tackle your debt that you may have never considered. Moreover, these methods may not be as difficult as you might expect.
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Consider clipping coupons.
Sure, it might seem a bit time-consuming, but you also might be amazed at how just a half hour or so of sorting through coupons can save you more money than you realized. And while you’re at it, don’t forget about online coupons too.
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Consider consignment shops
These are resale shops for clothes your kids have outgrown, items you no longer use, and the like. In fact, there are even online consignment shops. And don’t forget about garage/yard sales!
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Don’t go out to eat anymore.
With all the shortcut options in grocery stores today and the relative ease of cooking at home, save that twenty or more bucks you would have spent on a dinner out and enjoy a meal at home for half that price. It will also be better-tasting, healthier food!
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Get rid of your gym membership.
Yes, I had a gym membership once upon a time, and while it was beneficial, there are so many more home options than there ever were before. If you really want to get serious about fitness at home, invest in a quality piece of fitness equipment you can use at home. In the long run, you will save a ton of money.
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Cut the cable and find free entertainment.
We all know that the wave of the future is streaming services anyway. Get rid of your one hundred plus per month cable bill and look for the cheaper streaming services. In fact, if you invest in something like a Roku stick, you can find more free entertainment than you ever imagined.
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Make a budget and stick to it.
Yes, this one does require some discipline, but it may be exactly what you need to get yourself out of debt. You may need to consult a professional to help you, but there are plenty of free resources out there on the internet as well. Moreover, if you make a budget, let your kids know about it and use that as a teaching tool when they want the next expensive game system. Put them on a budget too!
For some people, all of this help is not enough. If you are experiencing debt that you are unable to manage on your own, it may be time to consult the professionals like Ballast Associates. There is no shame in turning to the professionals for help in your time of need. thankfully there are plenty of other viable options in these more serious cases.
Ballast Associates Debt Agreements and Consolidation
We can be grateful that bankruptcy is not the only solution. Professional agencies can give you the advice you need to tackle your debt so that it no longer overwhelms you. There is definitely nothing wrong in consulting with the professionals, as long as they are reputable and have your best interest in mind. I advise doing your research before choosing to work with any debt relief company in order to ensure you have the best people working to find the most agreeable and most efficient solutions for your specific situation.
