It’s not fun to be in debt. But, it doesn’t have be boring to pay off your debt. Today I share with you some creative ways to pay off your debt faster, as well as some fun ways you can pay down your credit card debt, mortgages, student loans, and loans.
#1 Cashback websites to get cashback on purchases (and pay your debts)
Shopping is an inevitable part of life, even if you are in debt. Essentials must be purchased for your family, including the children and the house. You must also purchase essentials for your children, including clothes and shoes. Don’t forget school supplies and extracurriculars.
Did you know that you can get cash back for purchases made online? Sites such as Rakuten And Swagbucks .
You can use the money you earn from purchases to pay off your debt. These other resources are worth checking out. Cashback sites .
#2 Make Digital Changes
Are you having trouble paying off your debt? Do you find it difficult to save enough money to cover your expenses? You can change that now by using digital money using apps such as Digit .
Digit makes saving easy. It takes a fixed amount every time you buy something and puts it in an account. You can cash out the money and use it to pay your debt.
#3 Take on the Savings Challenge
People who are looking to save money for a vacation often take on savings challenges. Christmas shopping . But, it doesn’t mean you can’t use the money to pay your debt.
You can start the 52-week savings challenge or the $5 savings challenge to see how much you can save and put toward your debt.
Another way to save money is to place all your change each time you break a $20 or $50 bill, $100, or $100 into an account. jar Watch the amount of change you make turn into a few thousand.
#4 Use a digital assistant to lower your monthly bills (and save you money that can go towards your debt).
Have you ever looked at your monthly bills in a while? A digital assistant, such as Trim This could prove to be very beneficial.
Trim allows you to link your bank accounts, and it will analyze all your spending. Trim will search for subscriptions that you may have forgotten about, and it can cancel them to save money. It can also negotiate lower bills such as your TV bill.
PocketSmith is another great one to join.
PocketSmith It is a personal finance software that allows you to track all your accounts (checking, credit cards and student loans) and project your financial future. Its calendar function is similar to Google’s.
You can connect to all banks around the globe and keep track of accounts in multiple currencies.
* You can add notes, images, labels, files and photos to your transactions. Further customize the automated categorization with rules and filters.
* Quickly find transactions with a multi-criteria search engine.
* Create budgets that you like with your own categories, flexible budget periods and nesting, roll-ups, and your own budgeting.
* Auto-Budget can be used to forecast your budget based on historical spending if you are short on time.
* The Trends page allows you to track your total and per-category spending.
* Increase your financial clarity with Income & expenses, Cashflow and Net Worth statements.
Our mobile apps let you check your finances while on the move. Mobile apps let you view accounts, categorize transactions, and monitor your budgets!
#5 Use Rocket Money to Pay Off Debt Faster!
Rocket Money, also known as Truebill, aims to provide a holistic approach to understanding your finances and to help you take control of them by bridging that gap between education and practical action.
* Take a look at your financial situation: View your credit, cash and investment balances in one place. You can keep track of your bills and make sure you are on track for your monthly spending goals.
* Monitor and cancel unneeded subscriptions: 84% have forgotten about their subscriptions. They can help you find them and help you cancel them.
* Track where your money is going. They will categorize your expenses so that you can track your most expensive and largest expenses.
* Pay less for your phone and cable bills. Don’t pay too much for your phone, cable, security or any other bills. Rocket Money will get you the best rate possible – no hassles, just savings! Rocket Money will even refund you if your internet goes down
* You can easily reach your savings goals: They will help you set aside funds automatically for your savings goals and ensure that you always have enough money on hand.
#6 Start a side business
Do you have a passion for animals, cooking, crafting, or any other subject? Turn your passion into a career! side business ?
You can put all the money you make from your side business towards your debt. Who knows, it might even become a full-time job or income source that allows you to get out of debt sooner.
Final thoughts: Creative ways to pay off debt faster
These are six creative ways to pay off debt. They don’t take a lot of effort on your part and require little time. Your options are limitless if you are creative and determined to get rid of debt.
