Ten ways to ditch debt in 2013
January is a time when lots of folks resolve to get a handle on their debt. During the past year John and I have managed to pay off about $10,000, and it feels great. I thought I’d write about some of the things we’ve been doing, in case you’d like less debt a year from now.
1. Grocery-shop with cash. Also, make a budget, know your prices, and stick to your list.
2. Shop thrift stores and yard sales when needs arise. Recently I found two immaculate pairs of jeans for my 10 year old daughter — $11 for both. Here are some more ideas for clothing kids affordably. And speaking of yard sales, here are some tips for a great yard sale of your own.
4. Use cloth instead of paper whenever possible.
6. Line-dry bulky items like sheets, towels, blankets and jeans for a savings of 50 cents or more a load. (If you don’t like things to feel stiff, toss them in the dryer for 5 minutes after they’re dry and before you fold them.) You can see our indoor drying rods here.
7. Have teens pitch in to help pay for things on their wish list. If a kid needs new shoes, but wants a more expensive brand, we supply cash for the budget version, and let them pitch in extra bucks for the name brand. (Lots of wishes evaporate when kids have to supply their own dough.)
9. Get rid of unwanted books and get ones you want for the cost of shipping on Paperbackswap.com. (If you join and list 10 books to swap, will you list me as your referring member? My contact email is firstname.lastname@example.org.)
10. Keep your eyes open for ways to save money in your unique situation. Some ideas will save you big bucks. Some will only save you a buck or two at a time. But together they’ll help your debt go bye-bye. Who knows? You might be able to pay off more than $10,000 during the next year!Pin It