• Bad Credit? No Credit?

  When you throw every purchase on a debit or credit card, it’s way too easy to lose track of what you’re actually spending. Those $7 lunches stack up fast when you actually watch the cash in your wallet dwindle by Wednesday or Thursday of each week. Set a budget for how much you’d like to spend each week, including groceries and toiletries, gas, lunches/meals out. Then take out cash for just what you need – bonus points if you have a little leftover at the end of the week!

• Need a warranty?

  When your goal is to pay off outstanding debts and bills, and begin building a “rainy day” fund, you have to immediately put a halt to adding any new debts. This can be hard to do – after all, we all have to-do lists and wish lists alike. Stay patient and remember that material possessions won’t make you nearly as happy as setting a goal and accomplishing it!

• Need Extra Cash?

  Interest debts first. Obviously, you have to at least make the minimum payment on all your obligations. After that, focus on credit card debt or other higher-interest debt as your target debt to pay off first. Consider your interest-free or lower-interest debts the next priority. Each time you pay one balance off, move to the next most expensive debt you have. If you have several super high-interest, high-balance credit card debts, consider a balance transfer to consolidate the amount and stop incurring interest while you work on chipping away at the number.

• Highest Quality Used Vehicles:

  With resources like Pinterest and other websites, there are so many great ways to “DIY” things that used to cost a lot. Use your ingenuity to get it done! Consider using plans online to build that dining table you need, or enlist family and friends for a “paint party” to paint a few rooms in your home instead of hiring an expensive contractor.

• Set a goal for that great day when you pay off the last of what you want to pay off. Maybe it’s a trip you save up for as you finish the pay-off process, or a really beautiful handbag you will pay cash for, or the big screen TV you’ve been wanting. Again – be responsible! You don’t want to end up back in debt. But having a reward to look forward to could keep you motivated in the long run.

Sources:

1) http://www.lifehack.org/articles/money/how-pay-off-debt-fast-using-the-stack-method.html
2) http://money.usnews.com/money/personal-finance/slideshows/10-easy-ways-to-pay-off-debt

** See dealer for details