If you are desperate to get out of the black hole of debt, then you will surely have to take some drastic steps and make some sacrifices. You can get rid of your debt real quick if you abstain from buying any new clothes for the next one year. It may sound a tad extreme, but it is very effective way to get rid of your debt with controlled expenses and increased savings. Fashion shopping is one aspect which results in huge debts. When you retrospect on your purchases sitting in front of your wardrobe, you will find a whole lot of clothes that you have bought unnecessarily and have not worn for a long time, for whatsoever reasons.
Rotated Your Clothes
Rotating your clothes a lot is a good practice. When you look at your wardrobe, you will see that there are already a considerable number of good outfits along with several fashionable ones as well. If you rotate all of these and wear with some time gap, you will see that you can do without buying new clothes for a long time. Do not bother if one says that you are wearing a uniform or ask you whether or not you wear wearing the same T-shirt last week. Think about the bigger picture and the responsibility on your shoulders. You have to pay off your debt or lose credibility, or your home maybe. This way you can save a lot to make those monthly payments.
Limit Your Social Life
When you go out often and attend parties you will require a lot of clothes, that too new ones and it is quite understandable. Take the easiest way out and limit your social outings. You will not have to buy new clothes this way and save a lot of money which you can use for repaying your debt. Never mind what others call you, but remember that no one else will help you out with giving you money for free or without interest to repay your loan. Since you have created the situation, being a responsible citizen, it is your responsibility to clear it off as well.
Resale And Earn Instead
You will also find a lot of clothes that you seldom wear but are as good as new in condition. Make a list of such clothes and take them to the local seconds’ store. You can save money and also can earn some money this way. If you do not have a store nearby, post them online. You will find many such stores if you check online.
Revamp And Swap
It is also a good way to revamp your old clothes instead of throwing it away. You can save a lot of money once again and give that old coat a revamped look with a new set of buttons. This will save the extra money that you would have spent on a new coat. Clothes’ swapping is another good way to wear new clothes without spending a penny for it. Simply ask your friend to exchange their old ones in good condition with yours.
There are so many people struggling with debt issues these days. Such people are suggested to control their shopping habits and have a planned budget so as to save a bit. Consolidating credit card debt is a good option these days in order to have a control on your debt issues and make it easy for you to manage. Checking more about it online and going for it if needed is a good idea.