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Debt Destroy

Get Out of Debt Tips

 Everywhere you look there are guides for getting out of debt and step by step processes you can follow to help you get your finances in order. On Destroy Debt. we've given a number of methods for getting out of debt, along with the step by step details – in this article, we're going to give you a number of TIPS to eliminate debt. They aren't in any order, and it's not a step by step guide, but you should find ideas for getting out of debt here. If you have tips that haven't been covered here, please leave them in the comments!

  • Spend less than you earn.

  • Use cash for better budgeting, and stop using debit cards and credit cards.

  • Create a plan to get out of debt for better results than just sending money to your accounts randomly.

  • Know exactly how much you owe, keep track of it in a spreadsheet or notebook and update it each time you make a payment.

  • Establish an emergency fund as soon as possible to avoid relying on debt when an unexpected expense occurs.

  • Shred your credit cards but keep accounts open (closing accounts lowers your credit score).

  • Consider a non-profit debt counseling service to help you develop a plan for getting out of debt faster.

  • Contact creditors to request lower interest rates or easier repayment plans.

  • Get a free copy of your credit report to see if there are any errors that need to be corrected.

  • Don't go into more debt trying to pay off your debts! You can't send so much to your debt repayments that you can't keep up with your living expenses.

  • Look for ways to reduce expenses – the more you reduce, the more money you can pay toward debt and the faster you can become debt free. You don't have to live like a monk, but there are many living expenses and unnecessary expenses you can reduce or eliminate (even if only temporarily) to get out of debt faster.

  • Learn how to entertain yourself for free.

  • Plan for upcoming expenses and non-monthly expenses so you don't have to scramble to get the money all at once (car insurance premiums, property or school taxes, car maintenance, etc).

  • Create and stick to a budget.

  • Consider the debt snowball.

  • Consider the highest-interest-first method of paying off debt.

  • Consider the debt avalanche.

  • Avoid relationship problems by keeping open communication regarding finances.

  • If you fall off the debt repayment wagon, get back on. It takes discipline and hard work to get out of debt.

  • Learn how to reward yourself for sticking to the budget, or paying off debt, without spending a lot of money for the reward.

  • You didn't get into debt overnight, understand it will take longer than a day to get out of debt, too. You have to break the cycle of debt.

  • Stop borrowing or applying for credit. If you can't save for the purchase or the expense, then you can't afford to buy it.

  • Don't forget the importance in saving for the future (retirement, college, etc) while repaying your debts.

  • Increase your income with a part time job, a home business, programming, design, or with freelance writing jobs.

  • Hopefully you'll find a tip or two on this list that can help you on your mission to pay off debt. If you think of something we left out, please be sure to add it!


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    UK DEBT ADVICE (Guest) - Saving is one way to get out of debt. Please also do visit my site for information about UK Debt Advices...
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    Cyrix (Guest) - Dept consolidation is the answer. Check out: Help to get out dept
    CDA (Guest) - Are you overwhelmed with HIGH INTEREST RATES that make it difficult to reduce your balances with minimum payments? If you are in a situation where you feel that you cannot and will not be able to pay back your debt, don’t worry, there are programs out there that can cut your debts in half and reduce your monthly payments by up to 50%...........You should never be ashamed to seek help, no matter your reason for being in debt and no matter how much debt it is. Millions of Americans are struggling with their debts right now; that is why Congress has passed new legislation to keep creditors from taking advantage of consumers.  Contrary to what your creditors will tell you, there are options out there for you.  Don’t consider bankruptcy until you’ve looked at all of your options.  There are companies set up to explain these options to you, FOR FREE.  One of them is Consumer Debt Advisors (, they’ll let you know what option is best for you and offer a free consultation to see if you qualify.  Don’t feel trapped or let the creditors control you, call Consumer Debt Advisors at 877-548-5403 or try them online at  Their website has a lot of information about what alternatives there are to bankruptcy or paying the 25% interest the creditors are charging you.