• Skip to main content
  • Skip to primary sidebar

NeededInTheHome

Homemade, Home Interiors, Home Life.

  • Homemade
    • Crafts
    • DIY Craft Tutorials
    • Food
    • NeededInTheHome Products
    • Oils
    • Oils Printables
    • Recipes
    • Sourdough Recipes
    • Sewing
    • Sewing Tutorials
  • Home Interiors
    • Home Decor
    • Home Repair
    • Home Spaces
      • Backyard
      • Basement
      • Bathroom
      • Bedroom
      • Dining Room
      • Front Exterior
      • Garage
      • Interior
      • Kitchen
      • Laundry Room
      • Living Room
    • Remodeling
  • Home Life
    • About
    • Finances
    • Gifts
    • Holidays
    • Home Business
      • Start an Etsy Shop
      • Storage Auction Resale Business
    • Moving
    • Moving Printables
    • Parenting
    • Product Reviews
    • Vacation
  • Homeschool
    • Homeschool Printables
    • Homeschool Reviews
  • Shop
You are here: Home / Home Life / How to Battle Debt and Come Out Ahead

Home Life

How to Battle Debt and Come Out Ahead

  • Pinterest
  • Share on X
  • Facebook
  • LinkedIn
  • Copy Link

pinterest-pin-description how to money tips battle debt and come out ahead woman boxing ball of debt neededinthehome

Outside of mortgages, the most common debt are credit card debts, car loans, and student loans. Being in a constant state of debt can mean that, should disaster strike, you might not be able to stretch your finances enough to keep going. However, while it is hard work, it is possible to get out of debt. Whether you are experiencing financially tough times or simply want to improve your financial situation and save up, there are some good habits to get into.

Note: Some links in this post are affiliate links, which means I receive a commission if you make a purchase. Affiliate relationships include, but are not limited to Amazon Associates, Walmart.com, and Etsy.

battle debt man looking at invoices making budget plan

Image Credit.

If you find yourself getting into debt, it can feel like a hole that you can’t dig yourself out of. According to one study, over 50% of American respondents reported spending more or equal to what they had earned each month. 

Pay More Than the Minimum

While it seems counterintuitive, paying more each month towards your debts is the most effective way to get out of them more quickly. Doing this will speed up the payoff process, so you’ll be paying that debt for a shorter amount of time. This means that you will save on interest in the long run. However, you should ensure that your loan doesn’t charge any prepayment penalties before trying this out.

If you have many debts, try paying off the smallest ones first with any extra funds you have, while paying the minimum amount on larger debts. Once the little debts are gone, you should have more money freed up for other debts and expenses.

 

Set a Strict Budget

Paying off your debts typically requires having “free money”, but for many people, this isn’t a reality. There are two ways to find the funds. You can either cut down on your spending or earn more in the way of income. 

Sitting down and setting a strict budget will make you far more likely to find the money you need to pay off your debts. Some people go cold turkey, and completely cut out any non-essential spending for months until they’re in a better position. Others are less strict, but any budget is better than none.

 

Earn a Little More

It’s perhaps easier said than done, but finding a side hustle or extra part-time job can provide the extra funds that you need to pay off your debts. Seasonal jobs are especially great for this, as they are temporary by definition, so you aren’t tied to a contract for any longer than a few months. 

If you find that you can keep up your side hustle, then great. But even if it’s something you try for a few months, the extra flow of income can be sent directly to paying off your debts and can really help out.

 

Hire a Professional

Depending on the type of debt you have, it may be wise to hire a professional to help you organize your finances. For example, tax resolution services can be incredibly helpful if you’re behind on your taxes or have other tax problems. They can help you to set up a payment plan and pay off your debt.

 

This is a contributed post.

 

Related

 

  • HOME BUSINESS IDEAS TO MAKE MULTIPLE INCOME STREAMS

  • MAKING MONEY BUYING ABANDONED STORAGE UNITS

  • FEEDING A LARGE FAMILY OF NINE WITH A SMALL BUDGET

  • STRETCHING EACH DOLLAR AND SAVING MONEY TO THE MAX WITH FAITH

  • HOW TO GET PAID USING IBOTTA

  • LARGE FAMILY VACATION ON A BUDGET WITH AN INDOOR WATERPARK

  • REUSABLE ITEMS TO GET WHEN THE PAPER GOODS SHELVES ARE EMPTY

  • STOCK UP FOR THREE WEEKS PLAN FOR A LARGE FAMILY OF TEN

  • What We Love On Amazon

  • What We Love On Etsy

  • Our Books on Amazon

  • Our Etsy Products

Subscribe so you never miss a post.

 

If you find my tips useful, feel free to buy me a coffee to support my efforts. Thank you in advance!

Buy Me a Coffee at ko-fi.com

 

Be sure to check out our Etsy shop, NeededInTheHome.

 

 

Looking for deals? Read posts about Shopping Deals.

Subscribe to our Hot Shopping Deals emails so you never miss a deal!

Want to remember this? Pin it to your favorite Pinterest Board!

pinterest-pin-description how to money tips battle debt and come out ahead woman boxing ball of debt neededinthehome

  • Pinterest
  • Share on X
  • Facebook
  • LinkedIn
  • Copy Link

Join the newsletter

Subscribe to receive our latest articles and promotional content by email from NeededInTheHome

Your request has been received and information has been sent to you. Please check your email! IMPORTANT! To make sure that our mail reaches your inbox correctly and is not blocked by mistake, please add our email address to your whitelist - amy@neededinthehome.com to your email address book and/or to "whitelist" (trusted senders).

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by Kit

August 31, 2021 by admin Leave a Comment

Support My Work

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Hi! I’m Amy!

A Christian homeschooling mom of 8 kids, happily married since 1996, who blogs from home. START HERE if you are new to this website.

FOR HOMESCHOOL FAMILIES…

Below are affiliate links. I will earn a commission if you click and make a purchase. Thank you!

Our Affiliate Link for Walmart

Our Favorite Pet Spray

$ 5.48
Oxy Pet Stain & Stink Remover for Carpet and Upholstery, Size 22 oz | 95R8

Our Favorite Vacuum

$ 129.99
CleanView Rewind Upright Bagless Vacuum Cleaner | Black/Electric Blue\n Accents | 3534

Linen Sheet Sets on Amazon

Amazon affiliate link

100% Linen Sheets

Sewing Tutorials

Categories

  • pinterest
  • x
  • instagram
  • facebook

Linktree for NeededInTheHome

Before Footer

NeededInTheHome - Homemade. Home Interiors. Home Life. We give advice on all things "home." NeededInTheHome is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. As an Amazon Associate I earn from qualifying purchases. WALMART.COM SM is a service mark of Wal-Mart.com USA, LLC and Wal-Mart Stores, Inc.

Privacy Policy, Disclosure, Accessibilty, Terms of Use, Copyright

Disclaimer, Do not sell my personal information.

©2017-2025, NeededInTheHome.com. All rights reserved. No content on this site may be reused in any fashion without written permission. By using this site, you are agreeing to the site’s terms of use.

  • Home
  • About
  • Amy’s Faith Testimony
  • Contact
  • Start A Blog
  • Start An Etsy Shop
  • Moving
  • Buying Abandoned Storage Units
  • Resources
  • Amazon Influencer Page
  • Walmart Creator Page
  • eBay
  • Etsy
  • TPT
  • Kit
  • Young Living Oils Link
  • Product Reviews
  • Support My Work
  • Linktree
  • Subscribe
  • My Books on Amazon
  • Shop

Copyright © 2025 · Interior Pro on Genesis Framework · WordPress · Log in