Financially Heartbroken: 4 Easy Ways to Get out of Debt

Financially Heartbroken: 4 Easy Ways to Get out of Debt
  • Opening Intro -

    If you have run up a mountain of debt, it may seem like it is impossible to get out from under it, but that is not the case.


There are some fairly easy ways to get out of debt if you are willing to work at it and be disciplined. Here are four easy ways to get out of debt.

Consolidate It

Paying down debt can be easier if you have fewer payments, which is where consolidation can help. Consolidation involves taking your many smaller debts and putting them together into fewer bigger ones. You can do this with a credit card balance transfer or by getting some type of debt consolidation loan. The advantages of debt consolidation are fewer payments to make and lower interest rates.

Pay it Down

One of the quickest and easiest ways to get out of debt is to concentrate on paying down the debt you have. There are two methods you can use. You can concentrate on the debt with the highest interest rate or you can concentrate on getting rid of the smallest debt first then tackling larger ones. Find out how to stop spending money and you’ll have more to save. Paying down the debt with the highest rate can save you money on future finance charges while paying the smallest one first can help you eliminate one debt altogether.

Improve Your Credit Score

If you have a poor credit score, it can make it hard to lower interest rates on your debt, so you will need to concentrate on repairing your credit to boost your score. Some of the ways you can do this are to bring past due accounts current and to cure any accounts that may be in collection status. You also want to avoid opening new credit and making large purchases to add to your debt. As you work to pay off your debt, it will help your credit score improve because the amount of debt you carry has a large effect on your score.

Generate Extra Money

The more you are able to pay toward your debt, the faster you can pay it off, which makes generating extra money to funnel to debt payments a good idea. You can do this a number of ways, including getting a second job, selling things you no longer use or need or freeing up additional money in your budget by cutting back on entertainment or other non-essential items.

Getting out of debt seems daunting, but by following these tips, it will actually be easier than you think. Use your intuition and the tools you have at your disposal to lead you to a financial victory.  There are always ways to save and get out of debt, and finding the appropriate avenues to utilize can help with this.


Debt Management reference:

debt management guides


end of post idea for home improvement


Helpful article? Leave us a quick comment below.
And please give this article a rating and/or share it within your social networks.

facebook linkedin pinterest

Amazon Affiliate Disclosure: is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to The commission earnings are used to defray our cost of operation.

View our FTC Disclosure for other affiliate information.

Categories: Debt Management

About Author

SayEducate Admin

From the administrative staff at We hope you enjoy this managing your money and finances BLOG-magazine. Please forward any suggestions or comments regarding the posting or other elements of our site. Thank you.