Getting Out of Debt

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Enough is enough! I’m ready to break out of the norm and be debt free!

Why do I want to be debt free? Here are my reasons:

financial

  • Travel – It is one of my favorite things to do. Right now, I have to be extra careful with my money, which means picking and choosing where to travel to and having to pass up a LOT of opportunities to travel. As much as I want to go everywhere, it’s just. not. possible. At least not right now. Once I am debt free, I will be able to travel more and not be restricted for where to go.
  • Family & Friends – Lately, I’ve been working Saturday shifts to earn extra money. I have also picked up a couple of holiday shifts to earn extra money. This means less time with my friends and family than I’d like. Once I am debt free, I will be able to discontinue picking up those Saturday and holiday shifts and have the time available for my friends and family.
  • Charity Donations – I am an advocate for animal rescues and also volunteer with one in Minnesota. Right now, I am only able to donate a few bucks here or there. I would like to be able to make a bigger impact by donating more than just a few bucks. Another goal I’ve had since I was a teenager was to sponsor a tiger (one of my favorite animals). There is a wild cat sanctuary here in MN. As much as I’d love to go there for a tour, they’re not available. But, as most rescues, they are always looking for more donations. Once I am debt free, I will be sponsoring a tiger.
  • More Time – This correlates with friends and family. Everyone wants more time to do what they love and enjoy, right? Being debt free will help with this.

What am I doing to get out of debt? So many things! It’s hard to keep track of. The two ways that I earn the most from are numbers 1 and 4. If you have any other suggestions, please let me know! I am all ears so I can get out of debt even faster.

getting out of debt

  1. Selling whatever I can!
    • Electronics (including my second TV)
    • Home Decor (people even like small items)
  2. Using Ebates.
    • Whenever I need to purchase necessary items, I check for stores affiliated with Ebates so I can get a percentage of money back.
  3. Using Achievement to track my daily habits.
  4. Picking up Saturday call center shifts.
    • My regular 9 to 5 job is a Project Manager at a software company, focused on enhancing tools for the call center. Since I started out as a technical support rep there, I know the products and features very well and am able to take support calls. Anyone can pick up Saturday shifts and get paid extra for it so I do take advantage of it, whenever I can.
  5. Using the snowball method.
    • I have each of my debts listed in a spreadsheet from smallest to largest. I pay the minimum on each one, except for the one I’m working on paying off first (smallest of the list). Once that debt is paid, I roll that payment into the next debt that’s on the list to be paid off.

What are you doing to become debt-free? Or what have you done to become debt-free? I’d love to hear your stories so please comment below!

Alisha Ruud is a Lifestyle and Travel blogger. She is an animal lover, volunteers with a local animal rescue, avid reader, and motorcyclist. With her many interests, she has found a way to inspire others with the same interests and goals in life. She also likes to keep things fun!

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