🔎 Disclosure: WE DON’T SELL ANY COURSES. Money Vice is reader-supported. When you buy through our links, we may earn a commission at no extra cost to you. The ideas presented on this site are opinions and are presented for entertainment purposes only. We’re not licensed financial advisors. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
1. Focus On One Debt At A Time
Trying to juggle all your debts at once feels like playing whack-a-mole with your bank account.
You hit one, and another pops right back up.
That’s why you pick one target. The loudest, most annoying one. And knock it out first.
You’ll get a quick win that keeps your motivation high and your stress low.
Because once you clear that first debt, you’ll feel unstoppable. Like, “Okay, maybe I can beat this thing.”
👉 Here's How You'll Do It: Pick your smallest or highest-interest debt and throw every extra dollar at it using the debt snowball or avalanche method. Track progress on Undebt.it for free and keep your plan visual.
📌 SAVE IT FOR LATER! 📌
2. Set Up Automatic Payments to Stay Consistent
Let’s be real. Remembering payment dates is as fun as reading tax code for leisure.
Automation saves you from late fees, missed payments, and “oops” moments that wreck your credit.
It’s like putting your finances on autopilot while you handle, you know, life.
Plus, it gives you one less reason to stress about adulting.
And if you’re on a low income, consistency is your secret weapon. It’s not about paying more, it’s about paying on time.
👉 Here's How You'll Do It: Log into your bank or credit card app and set up auto-pay for the minimum payment on every account; then use reminders in Rocket Money to track what’s coming out each month.
3. Keep Your Living Costs As Low As Possible
Every dollar you don’t spend is another dollar you can throw at debt.
You don’t need to live like a monk. Just trim the fat where it hurts least.
Cancel the subscriptions you barely remember signing up for.
Cook more at home (yes, that $5 coffee counts too).
And maybe delay that new phone upgrade; your old one still calls and texts just fine, right? 🙂
👉 Here's How You'll Do It: Go through your bank statement and cancel every unused subscription. Apps like Rocket Money make it automatic and painless.
Bonus Tip: Make Your Payoff Plan Actually Stick
Okay, so you’ve trimmed expenses, stayed consistent, and even started bringing in a few extra bucks.
But let’s be honest. Keeping track of multiple debts, payment dates, and balances can feel like juggling flaming torches while blindfolded.
That’s where using a simple debt tracker can make your life about ten times easier (and way less stressful).
You can see exactly what you owe, which debt to attack first, and how fast you’re actually moving forward. Kind of like watching your financial freedom bar fill up in real time.
A lot of people use Undebt.it, an online payoff planner that lets you visualize your progress and even choose between the snowball or avalanche method. It’s free, clean, and super motivating once you see those balances drop.
👉 Here's How You'll Do It: Create a free account at Undebt.it, plug in your debts, and let it show you the best order to pay them off. Trust me, seeing your progress build week after week feels ridiculously satisfying.
4. Use Cash Instead Of Credit For Daily Expenses
Here’s the thing. Credit cards feel painless until that statement hits.
When you use cash, you actually feel every purchase, and that’s powerful.
You spend slower, think harder, and stop those little “treat yourself” moments that add up fast.
Plus, swiping a card makes you forget you’re spending real money. Cash doesn’t lie.
You’ll start noticing how much easier it is to stick to your budget when you can see your limits.
👉 Here's How You'll Do It: Withdraw your weekly spending money in cash every Sunday and use labeled envelopes for groceries, gas, and fun. Classic cash envelope system style.
5. Find Small Ways to Boost Income Without Burning Out
You don’t need to start a six-figure side hustle to make progress.
A few extra bucks here and there can make a big difference when you’re consistent.
Sell stuff you don’t use, do online surveys while binge-watching Netflix, or pick up small freelance gigs.
Heck, even delivering groceries once a week could cover your minimum payment.
Because when you combine small income boosts with solid budgeting, that’s where the magic happens.
👉 Here's How You'll Do It: List three simple side gigs that match your schedule. Like Instacart, Fiverr, or Rover. And commit to using every dollar earned for debt payments only.
📌 SAVE IT FOR LATER! 📌
And that’s it!
Never forget it…
🍔 A Bigger Bank Account Is Waiting For You!
😉 Dale!
