50+ Practical Ways to Pay Off Debt Faster [Free Tools Included!]

pay off debt faster

Laura Harris is a fascinating person with an even more fascinating story – debt free by 25, a stay-at-home mom on a super low income, and a self-made success in the freelance writing industry… When she came to me with the idea of writing this post, there was absolutely no way I was going to pass her up. Practical ways to pay off debt faster? Uhhhh, yes please. This is a topic that we’re all craving, and given the quality of the content below, I wouldn’t be at all shocked if this post is soon read by thousands (maybe even hundreds-of thousands) of people.

In 2012, my husband and I became debt-free. What we thought would take seven years only took two. We were shocked. It wasn’t because we made more than the average family. We learned if we wanted more freedom, we had to find as many ways as . . . → Read More: 50+ Practical Ways to Pay Off Debt Faster [Free Tools Included!]

How (and Why) to Reward Yourself While Paying Off Debt

reward yourself while paying off debt

If you’re on a debt payoff journey, you may have heard of the term gazelle intense. Focus so hard on paying off your debt, no treating yourself, and living like no one else now so you can live like no one else later. While being intense is important, that doesn’t mean you can’t reward yourself while paying off debt. Here’s how (and why) you should reward yourself while paying off debt.

How (and Why) to Reward Yourself While Paying Off Debt

This article was written by Kimberly Studdard, one of our fabulous staff writers!

Set Goals

Let’s say you’re $50,000 in debt. If you set goals in $5,000 increments, you’ll be able to treat yourself every time you pay off $5,000. This will keep you motivated to hit those $5,000 goals, and give you something to look forward to when you reach them.

You can create the goals to . . . → Read More: How (and Why) to Reward Yourself While Paying Off Debt

How to Recover Financially When You Get Into Medical Debt

bankrupt because of medical debt

In 2016, a study conducted that 1 in 5 working age Americans with health insurance still struggled with paying their medical bills. Medical debt has also been cited as the #1 reason for people declaring bankruptcy in the United States. So how are you supposed to recover financially when you get into medical debt?

How to Recover Financially When You Get Into Medical Debt

This post has been written by our staff writer, Kimberly Studdard.

It happens to almost all of us. We’re be-bopping along through life, everything is going just fine and then BOOM, you slip on a sheet of ice and break your arm. Or maybe your kid gets sick with the flu and has to spend the night in the ER. Or heck, maybe you or your spouse are diagnosed with cancer… Stuff like this happens, and it leads to medical debt.

So what can you do . . . → Read More: How to Recover Financially When You Get Into Medical Debt

7 Ways to Settle Tax Debt

settle tax debt

We’re in the thick of tax season, and if you’re currently in debt with the IRS, or if you know that you won’t be able to pay what you owe this April, it’s time to consider your settlement options. There are multiple strategies to settle tax debt, but not all of these strategies are created equal—and not all will suit your needs. Learn which route might be the best-suited to your current financial situation and take steps towards a debt-free financial standing.

7 Ways to Settle Tax Debt

I get it. You’re freaked out because you can’t pay your taxes. To be honest with you, yes, this is a big deal. The good news is, you’ve got options. Let’s walk through them and see what’s best for you.

1) Installment Agreement

If you’re unable to pay off your tax debt in full, the IRS government may agree to an Installment . . . → Read More: 7 Ways to Settle Tax Debt

Complete Debt Freedom – 3 Years In!! What’s It Like??

Complete Debt Freedom

“I want a divorce”

Those words barreled toward me like a hundred ton freight train. They struck me, pushed me backwards into the wall and I slunk down to the floor like someone having a heart attack. Never before had I heard these words and never did I think something could hit me with so much force as this.

From then on, my life was changed forever.

Complete Debt Freedom – 3 Years In!!

November 27, 2012 – that was the divorce date. It absolutely killed me emotionally, but financially…it lit a fire inside me that no human being could have possibly put out. Not with their words, not with their disapproving glances – heck, they couldn’t even have stopped me if they knocked me down and beat me. It was time to break the ties to my past so that I could open the floodgates of prosperity to my . . . → Read More: Complete Debt Freedom – 3 Years In!! What’s It Like??

9 Benefits of Debt Freedom That Have Nothing to Do With Money

benefits of debt freedom

A giant net worth, a healthy savings account, thousands of dollars of cash flow each month – all of these things are benefits of debt freedom, but I wouldn’t call them the benefits. Sure, money is great and all, and it’s fantastic to not owe a soul a single penny, but the benefits of debt freedom reach farther than the typical person can actually comprehend.

9 Benefits of Debt Freedom That Have Nothing to Do With Money

I’ve been completely debt free for almost 3 years now, and it’s funny how things change…

You know those emotionally moving videos on Facebook where the gruff old guy gets gifted with those special glasses so he can finally see color? He opens the box, glances up at his wife and kids and gives the look of, ‘Yeah, right. This isn’t going to do anything. Nothing’s going to look any different.’

…and then . . . → Read More: 9 Benefits of Debt Freedom That Have Nothing to Do With Money

Proof that Anyone Can Retire Early…Even a Middle School Teacher

anyone can retire early

Many folks with massive student debt have no net worth. Well, they do, but it’s in the negative numbers. The thing is, it’s not just student debt that puts folks in the hole.

Proof That Anyone Can Retire Early!

This is a guest post from my buddy Keith Schindler over at MoneyisnotTaboo.com. Shin (as we all call him) didn’t make all the right financial moves in life and yet he still retired in his early 50’s! This goes to show you that you don’t need to be perfect – but you DO have to start! Take it away Shin! Tell us how absolutely anyone can retire early.

When my wife and I got married, I was a student without a full time job. I had very little money. In fact, my greatest asset was my 1974 Fiat Spider convertible.

I was living in a dorm when . . . → Read More: Proof that Anyone Can Retire Early…Even a Middle School Teacher

10 Ways to Make the Most of Your Debt Free Journey

The phrase “debt free journey” sounds like someone is romanticizing the boring task of paying off debt. But if you’ve ever spent time paying off a large debt, you know that phrase is pretty accurate.

Paying off debt is a long term commitment. You have to make the same decision day in and day out that getting out of debt is more important than the temptations that swarm you constantly.

It’s not easy.

And sometimes you’ll crawl into the comfortable box called “woe is me”. It’s not fair! Your friends and coworkers (especially baffling since you have the same salary) have endless amounts of money for taking trips, major house projects, and fancy cars.

I’ll spare you the “we never know what goes on in other homes” lecture. Because honestly, who cares? That’s not going to make you feel better about your own situation.

10 Ways to Make . . . → Read More: 10 Ways to Make the Most of Your Debt Free Journey

The Complete Guide to Sell Your Car Yourself for Thousands More (Even If You’re Under Water)

sell your car yourself

Instead of trading your car into the dealer for $5,000, how would you like to get $7,000 for it by selling it yourself? You might be shy, you might know nothing about cars or selling, and heck, you might even have a lien on your car still. That’s all okay – it’s still absolutely possible to sell your car yourself and earn thousands of dollars more by doing it.

How to Sell Your Car Yourself for WAY More Money

Do you know how dealers earn money? Of course you do… They buy cars for cheap and then sell them for a couple thousand dollars more to the next customer.

When you sell them your car, you can almost guarantee that they’re paying you far less than someone else would. So why is it that so many people just trade their car in to the dealership without thinking twice about it?

. . . → Read More: The Complete Guide to Sell Your Car Yourself for Thousands More (Even If You’re Under Water)

5 Things You Didn’t Know About Your Student Loans (and Absolutely Should!!)

about student loans

More than 2/3 of students graduate with student loan debt. Worse than this, the median borrower graduates with loans in excess of $30,000. It’s no surprise that student loan debt has been on the rise in recent years, but the countless truths that students simply don’t know about student loans is astonishing.

5 Things You Didn’t Know About Student Loans

If you have college debt, you’re obviously not alone, but that doesn’t mean you can go on being oblivious about student loans. Do yourself a favor and take two minutes to learn about the five student loan truths below. By the end, you’ll be happy you did.

1) Student Loans are NOT Bankruptable

Kids graduate from college (or worse, they quit before getting their degree) and they get their breath taken away by their student loan debt totals…

“How in the world did this happen? How could I . . . → Read More: 5 Things You Didn’t Know About Your Student Loans (and Absolutely Should!!)