Getting out of Debt

kathy mitchell generalnews


Life can sometimes be hard and not go the way you want it to. It can be stressful! A lot of adults admit to having financial struggles which causes a majority of their stress. Financial woes can come about for many different reasons: unwelcomed life circumstances like a natural disaster, car accident or medical emergency, or unfortunate situations like addiction, overspending, gambling, or theft. The bad part about these times is that it is hard to get yourself out of it. Debt usually has a snowball effect and can become very overwhelming. When it becomes overwhelming for you, it is best to take a step back and a deep breath, and examine how you can make changes. Even small steps can lead to success over time. As long as you are going on an upward trajectory and make the right choices. Below are some examples of things you can do to get yourself out of debt. By examining these aspects of your life you may be able to take a step forward in the right direction.

Payoff Debt

When you are in a financial crisis, it is often due to high debt. It's a simple equation, either you don’t have enough money coming in or you have way too much going out. The best-case scenario is that you have more coming in than you are spending and you can either a.) save it or b.) put it towards outstanding debt. There are different methods of paying off credit cards, loans and other types of debts. So choose what works best for you and tackle it. Make it a priority because if you don’t, your credit will be affected.

Work on Credit

If your debt amounts grow, and you have a hard time paying for them than your credit score will be compromised. Once this is done, it takes a long time to build back up. Bad credit can affect you in many ways. Not only will it be hard to make larger purchases or open credit cards, but it can also affect smaller things like your utilities. You may be lucky to live in a state like Texas where they have businesses that offer helpful tools to overcome the bad credit. For example, light company no deposit allows you to still get electricity without a deposit or credit check. This is great for someone who is in debt and trying to get out.


It is very important for every household to have a budget so they know how they are spending their money. It also makes them more conscious of their spending. If you know what you should be spending your money on than you will be hesitant to spend it on something you shouldn’t. A big part of budgeting is excess spending. Don’t overspend.


Monthly bills can get pricey. To avoid overspending on them, make sure you analyze each expense to see if you are getting the best deal. This goes for any sort of vendor...cellphone, cable, water, electric, heat, car, gym, etc. Look at the bill and see if you have an option to lower the bill or better yet, eliminate the cost!

All of these tasks can help you try to get through the difficult time you are in. Best case scenario you would be ahead of it before it happened, but when you find yourself in hard times (which is easy to do) then you can think about these things to move forward.