0 0
Read Time:5 Minute, 59 Second

You will eliminate the majority of unnecessary spending when trying to pay off debt in order to accomplish your objectives. However, there is a limit to how much spending can be slashed, which is the issue. What if you want to achieve your financial objectives more quickly? If you already have a full-time job and have eliminated all unnecessary expenses from your budget, you undoubtedly believe it will take you a very long time to achieve your financial objectives. The truth is that you can still find side jobs to supplement your income and further your ambitions. When I was trying to pay off $45,000 in debt, which was made up of student loans, credit card debt, and a car loan, I was prepared to do just about everything to get there more quickly.

I wanted my debt to be paid off quickly because I was sick of being in debt and being in poverty.

By moving from a one-bedroom apartment to a studio, adhering to a strict monthly food budget of $350, cutting our monthly dining out budget to $50, and only allowing ourselves $20 in fun money to spend—enough for roughly two drinks at happy hour with friends or a weekly cup of coffee at Starbucks—we had already taken many steps to reduce our spending.

We had no money set aside for clothing or any extras.

We therefore concluded that the only way to achieve our financial objectives more quickly was to increase our income.

Here are five ways I’ve increased my income to pay off debt more quickly.

Debt is a scary thing.

It can feel like you’re never going to get out from under it.

But there are ways to make extra money to pay off debt faster.

You can start by looking at your superfluous expenses and see where you can cut back.

You may also want to look at your expenses in order to reach your financial goals faster.

Whatever you do, don’t give up.

You can get out of debt.

What methods can help you pay off debt quickly?

When it comes to paying off debt, there is no one-size-fits-all approach. The method that will work best for you depends on your unique financial situation. That said, there are some methods that can help you pay off debt quickly. The first step is to figure out how much debt you have and make a plan to pay it off. You can do this by listing out all of your debts, their interest rates, and the minimum payments you need to make. Once you have a clear picture of your debt, you can start to work on a plan to pay it off. One option is to focus on paying off the debt with the highest interest rate first.

This will save you money in the long run because you will be paying less in interest.

Another option is to focus on paying off the debt with the highest balance first.

This may help you feel like you are making progress quicker.

Whichever method you choose, be sure to make more than the minimum payment each month.

The extra money you put towards your debt will help you pay it off quicker.

You may also want to consider making bi-weekly or even weekly payments to help speed up the process.

If you are having trouble making your payments, there are a few things you can do.

You may be able to negotiate with your creditors to lower your interest rates or extend your payment terms.

You can also look into consolidation or refinancing to get a lower interest rate.

Making extra money can also help you pay off your debt quicker.

You can do this by getting a part-time job, selling items you no longer need, or finding creative ways to make extra money.

Any extra money you can put towards your debt will help you pay it off quicker.

Paying off debt is not easy, but it is possible.

By figure out how much debt you have, making a plan, and focus on making more than the minimum payment each month, you can pay off your debt quickly.


Finding a part-time job that would not clash with my full-time hours was the first thing I did. The benefits of babysitting were cash payment and usually weekend and evening shifts. It paid fairly well—$15 an hour—and I was able to pay off debt with the money immediately. Every time we found a babysitting job, our debt started to decrease, and we could actually see progress being made.

Selling Items

We had to get rid of a lot of our additional possessions when we moved from our one-bedroom apartment to a studio. We realised we had been purchasing far too many pointless items after having a garage sale where we made roughly $300. We started trying to live a much more minimalist lifestyle after realising how much money we were spending on stuff we didn’t actually need. The garage sale not only helped us pay off debt. To reduce the quantity of goods we owned, we kept selling more and more on Craigslist and Ebay. We would also use the proceeds to pay off debt.

Mystery Shopping

I chose mystery shopping as a side gig because I had the flexibility to schedule my “shops,” which entailed visiting a store and assuming the role of a customer before rating the store’s customer service and submitting a report to the employer. I received several wonderful benefits, including free coffee, $20 worth of groceries, reimbursement for my meals, etc., in addition to the $8 to $20 every store that I made. Being treated to a three-course supper was a nice reward considering how tight of a budget we were already.

Blogging/ Freelancing

Around this time, I started learning that I could advertise on my blog and make some good money. I had started blogging about my debt repayment experience. I didn’t start off making much money, but I paid all of my debt with the money I did make. Because of my connections as a blogger, I was able to get freelancing work as well. I started earning $20,000 a year from blogging and freelancing after a few years, in addition to my regular salary.

Focus Groups

One of my favourite and simplest side gigs was definitely signing up for focus group firms. In essence, you are paid to provide your opinion with a firm for two hours, and you may easily make $100 every focus group (or $50 per hour). Not terrible at all for simply expressing your thoughts! Use Google or Craigslist to find for focus groups in your neighbourhood. We were able to pay off the $45,000 in debt in 45 months by working all these extra jobs. If we hadn’t been working these additional side gigs, we would never have been able to complete it as quickly as we did. Consider exploring for other income options if you’re trying to reduce your debt faster and have already eliminated excess spending.

About Post Author


My name is Susan and I am a stay-at-home mom who loves to blog and share tips for managing home. I have been married for 8 years and have three kids. I know what it is like to try to keep a household running smoothly while also trying to take care of a family.
0 %
0 %
0 %
0 %
0 %
0 %

Average Rating

5 Star
4 Star
3 Star
2 Star
1 Star

Leave a Reply

Your email address will not be published. Required fields are marked *

Home Owner Buff

It's how we live that matters!

Tuesday, Mar 28, 2023