Six Dollar Family

Six Dollar Family

  • Home
  • About
  • Thrifty & Frugal Living
    • Personal Finance Tips
  • DIY & Crafts
  • Family Recipes
  • Homesteading
    • Green Living Tips
  • Learn to Blog
  • All Posts
You are here: Home » Personal Finance Tips » How to Get Out of Debt » Debt Be Gone! Creative Ways to Pay Down Debt

June 11, 2015 By Stacy Williams

Debt Be Gone! Creative Ways to Pay Down Debt

Filed Under: How to Get Out of Debt

This post may contain affiliate or referral links that help keep this site running. For more information about this, please see our Disclosure Policy. As an associate of Amazon.com/Amazon.uk/Amazon.ca/and other websites, I may earn a small commission whenever you click through a link from this site. This commission helps to support this site and keep it running. Six Dollar Family 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 Amazon.com/Amazon.uk/Amazon.ca.




If you’re drowning in debt, it can be extremely easy to get caught up in negative feelings and a “woe is me” thought process. Debt seems like it can be forever, but really, it’s not. It can be paid off, all at once or in slow increments if you stay on top of things. If you’re stuck on ways to pay down your debt, these creative ways to pay down debt will help. They may not be for everyone, but they will help.

One fantastic way to pay off debt is to use your phone and computer to make money. I personally make over $225.00 per month this exact way. In this post HERE, I give you my process step by step so that you can do it too.

Another thing you might want to consider is finding a hobby that you love to do and then starting a blog on it. Blogging can be very profitable and is something you can do at home. HERE I tell you how to start a blog in just 3 easy steps walking you through the first few steps to get your blog live.

Debt gone you down? Tell it to be gone! These creative ways to pay off debt will help you banish it from your life forever!

The biggest “key” to paying down debt is to do it with a snowball effect which, if you’re big into being debt free, you’ll likely know is a concept taught by Dave Ramsey. Imagine that you are rolling a snowball. It starts out small, but as you continue to roll it, it picks up more and more snow making it grow larger. Paying your debt down should be looked at the exact same way. Basically, little payments thrown at it in a quick manner. Then, when you pay off one debt, take those payments and add them to your next largest debt and so on. Eventually, your little payments will turn into big payments and you’ll be rolling just like a snowball down a hill. These ideas won’t pay your entire debt amount off, but they will help you start the snowball.

Put the Shopping You Do to Work for You – Do you shop at all? I’m sure you do since most of us have to. One very easy way to pay down debt is by putting your shopping to work for you. I frequently buy groceries for free (you can see how in THIS post) on Amazon or Target’s websites and when I do, I always make sure that I shop through Ebates. Why? Because it gets a little bit of my own cash put back in my pocket just for shopping through them. Cash back in my pocket is always a good thing and is great for throwing little payments at your debt.

Help Others Find Deals and Earn a Paycheck Doing It – Sears and Kmart have an awesome program called Shop Your Way Rewards. This works for you and can help you pay down your debt because you can sign up to be a personal shopper. You would help others find great deals and earn a commission off of their purchases!

Collect scrap metal – If you live in an area where scrap can fetch a good price, place ads on Facebook groups and Craigslist looking for people who are wanting to get rid of it. You’ll go pick it up and cash it in to earn a bit of extra cash. Pop cans can also be included in this too if your local recycling center pays for them.

Have a yard sale – Yard sales can be very, very profitable if you know how to plan your sale correctly. Clean out your clutter and have a yard sale to help pay down some of your debt.

Do yard work – While it may not be the most glamourous, doing yard work can net you a tidy amount of cash each month. Put the whole family to work and mow, weed and rake till your heart is content.

Resell – Thrift stores and yard sales are gold mines for good deals. Head out to do some shopping and then use Ebay, Craigslist and other sites to sell your finds for more than you paid. Just be sure to keep your prices reasonable. If you’re looking to start your own online store, Shopify has a great platform with plans as low as $9.00 per month. For $29.00/mo they will give you your own website to sell on as well.

Apps and surveys – They may seem pointless, but you can earn a nice, tidy amount from surveys and apps each month. Use them to earn that extra cash and turn them into debt snowballs. I personally add $225.00 a month to my income just by using them. I like having the extra to use to buy groceries with or to invest or save for retirement.

Sell baked goods – Your local school has bake sales so why shouldn’t you? Facebook groups are full of folks that are making a few extra bucks by selling baked goods. If there’s a dish that you’re particularly good at making, give it a whirl. You never know how people will react and you may just find yourself with a steady side business.

Use your coupons to pay down debt – If you coupon, you’re likely saving quite a bit of money each time you shop. Throw that money at a small debt you have and you’ll have it paid off in no time.

Like I said earlier in the post, you won’t make pay off all of your debt with these ideas, but you will be able to make slow and steady payments with them and as we all know, slow and steady wins the race. The ideas above could easily pay off over a thousand dollars a year if you really worked at it.


Previous Post: « Why I Stopped Extreme Couponing…and Why You Should Too
Next Post: 7 Chores You Should Pay Your Kids to Do »

Primary Sidebar

Looking for Something?

Bio of Stacy Williams, blogger and authorI’m Stacy - 1/4 of the Six Dollar Family. I'm on a journey to become a six figure family and I would love if you came along with me! We'll kick off our shoes, sip sweet tea, eat loads of goodies, save some money and maybe even learn a thing or two along the way! Six Dollar Family Bio

Order your copy of the Six Dollar Family Book

Footer

From Six Dollars to Six Figures

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube
© 2011-2020 Six Dollar Media | All Rights Reserved. | Disclosure Policy | Privacy Policy
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.