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
advertisement
CREDIT CARD WEEKLY NEWSLETTER

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

Debt Adviser

When is debt off credit report?

Dear Debt Adviser, How do I find out the timeline on my debt? I know after six or seven years the debt is taken off. I would like to know if there is a way to see if it is gone. -- Mark Dear Mark, Now you see it, now... Read more

advertisement
Partner Center
advertisement

Connect with us