Follow Us: Google+
 
Bankrate.com

debt

7 easy ways to overcome debt denial

Look for unnecessary expenses
Next
6 of 9
Back
Look for unnecessary expenses

Divide your expenses into wants and needs, says Gallegos.

Although wants and needs vary from one individual to another, Gallegos suggests these costs as possible cutbacks -- daily coffee drinks, cable TV and phone service.

On these items, Gallegos says your savings would be:

  • Coffee: $60/month, $720/year.
  • Cable TV: $40/month, $480/year.
  • Phone: $50/month, $600/year.
  • Internet: $45/month, $540/year.

"Often overlooked places where you can save are car insurance -- shop around for a better rate -- utilities that offer a discount if you have automatic payments set up, interest rates on savings accounts, eating at home instead of in restaurants and using coupons at the grocery store," says Gallegos.


 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Home Equity Rates



advertisement
Most Read
  1. Beach towns with bargain homes
  2. 6 tips for successful yard sale
  3. Nick Nolte's house for sale
  4. 5 costliest tickets for car insurance
  5. 7 sedans for the young at heart
  6. 5 car models that lose value
  7. Ali Landry's house for sale
  8. Headlight requirements by state
  9. 9 gas-only, fuel-efficient cars
  10. 8 eerie ghost towns
Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.98% 4.99%
$30K home equity loan
6.17% 6.19%
$50K HELOC
4.56% 4.56%
$75K home equity loan
5.94% 5.97%
View rates in your area:
There are countless ways to use your bonus. Here's how to minimize the buyer's remorse.
advertisement
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.