Paying off debt is pretty easy if you're dedicated and try things, it's not that complicated.
Just simple advice:
- Cut spending dramatically (most people can save a lot by cutting food spending, also useful for losing weight)
- Start saving up (you know the saying "a penny saved is a penny earned")
- Find someway to make extra money outside of your regular income (through freelancing jobs, selling things, a different job, or something else)
Just think of everything in smaller parts, rather than gaining all the money at once and gradually you'll pay it off.
Like if you're $20,000 in debt, $20,000 might seem like a lot but if you look at it in different parts it's not that much:
- Gaining $1, 20,000 times
- Gaining $5, 4,000 times
- Gaining $10, 2,000 times
- Gaining $100, 200 times
In my opinion it's important to not stress yourself out and just take things one step at a time.
So if you start saving up and gaining extra money the majority of people should be able to pay off their debt in a year or so...but you really have to try.
