Key Ways On Paying Off Your Debt When You Don’t Have Additional Money

debt free while you have no extra money

Paying off a debt alone may be hard. Paying off debt when you don’t have additional money is even more difficult. Realizing that you live a “paycheck-to-paycheck lifestyle” and that your income is just enough to cover all of your expenses for each month, is a horrible thing. Thus, you may want to find ways on how to be able to pay off your debt even if you don’t have any extra money. You may even want to understand how debt consolidation works as an option to help you reduce your total debt. You can find out more on debt consolidation here,

The follow list should help you get back on track.


First of all, consider your food expenses. Ask yourself: “Am I spending too much on food alone?” because this might answer your needs for extra money to pay your debt.

  • To spend less on food, cook at home instead of eating out at restaurants.
  • Refrain from dining at fast food chains to save more money.
  • Eat protein-rich foods like beans or eggs instead of meat that will cost you more.
  • Make a list of things to buy when going to the grocery store and stick to it.
  • Avoid buying what’s not included in the list.
  • Prepare your lunch for work at home to spend less money on food at the workplace.
  • For leftovers, use them for the next day, or you can just eat them.


Another important thing to give enough attention is your transportation expenses.

  • As much as possible, walk or ride a bike instead of commuting to avoid spending more.
  • If you own a car, buy the right gas.
  • Ensure that you have the lowest possible insurance rate by acquiring new quotes regularly.
  • Don’t use your car for unnecessary trips.
  • Consider a cheaper, more gas-friendly car as are placement for your current unit.


You may not notice it but doing your best to decrease your housing costs can help you save up money to pay off your debts.

  • Begin by moving to an apartment with a lower rental rate
  • If you’re paying for a house on mortgage, consider refinancing it for a lower interest rate.
  • Avoid professional home repairs. Try to do repairs yourself, if possible.
  • Do you own lawn maintenance, landscaping, and other home-related works to lower your housing costs?


If you think your internet and cable subscription doesn’t benefit you at all then, it’s time to cut them off entirely.

  • Consider canceling premium channel subscriptions and going basic.
  • Opt to buy a modem instead of availing the service of an internet provider.


  • To earn additional money, you can also sell unwanted stuff at your home.
  • Begin by analyzing what you still need and those you no longer need.
  • Organize a garage sale in your neighborhood for extra money. Remember that items can also be bought online so you might want to sell them on websites such as Amazon, eBay, and other online selling sites.

Aside from clearing up unneeded stuff at home, you will be able to make money to pay off your debt.


Most people who possess debts are those who are underemployed. Thus, working more on your career to produce more income will be necessary to pay off your debt.

  • Attend training related to your job for self-development and improvement to obtain certifications needed for promotions.
  • Performs jobs that your co-workers don’t want to do.

Do your best to build a good image and personality within the company to attract your employer to give you rewards, benefits, higher position and eventually,higher compensation.

Doing these simple ways to earn additional or extra money will make it easier for you to pay off your debt. Consequently, if you’ve done this successfully, you will soon realize that you’re a few steps away from achieving debt freedom.

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