Know an easy way to get out of debt easy and quick?

I cannot give you any easy answers. I think you have to change your lifestyle, have a garage sale and sell off the stuff you do not want. Cut down on eating out or going to Dunkin Donuts or where-ever for coffee. Make your own meals and eat more fruits, salads, and veggies. Walk rather than take a car. If you can babysit or make cookies and sell them, do that. Next the credit cards: Pay off more than the minimum balance. If you have a little left over, put that extra on your cards. You can go to my website on my Profile page, it might help you make a little more, but so far, there is no quick way to get out of debt. It took me about five years and that was over ten years ago.

Sorry to say that there is no quick or easy way. The secret to getting out of and staying out of debt is to spend less than you make and put everything extra towards your debt. You will either need to cut back on your current expenses or get more income. Only you know which is a more realistic option. As to the HOWs of getting out of debt, there are 2 main debt repayment theories. 1 - is called the debt snowball which was coined by Dave Ramesy. With this method, you make a list of all of your debts and put them in order of lowest balance to highest balance. You then pay minimum payments on the debts with the higest balance and pay all of your extra to the one with the lowest balance. When that debt is paid off you move on to the next highest balance and so on. This method is good if you need the gratification of having to write fewer checks. 2 - the second method doesn't have a name but it's the more financially smart choice as it will save you the most money in the long run. With this method you list your debts again, but this time in order of highest rate to lowest rate. You pay the minimum on the lowest rate cards and put all your extra on the card with the higest rate. This method will save you the most because you will pay less in interest. However, since it seems like we always have the highest balance on the highest rate card, it may take a while to pay it off which can be discouraging to some people. Personally, I prefer a combination of the two methods. If you have 1-2 small debts that can be paid in full within a month or two, do it. Get them out of the way, then do program 2. With this plan, you get the feeling of accomplishment that goes along with paying off the debts in full but you also are being financially prudent and saving on interest. It's the best of both worlds. I'm a financial professional and hope this has helped. Good luck!

I am over my head with debt hehe I don't know if there is any easy way out. It's easy to get into debt but so hard to get out. I have been trying to work on it for probably 3 years now. And everytime I feel like I am doing some progress, something comes up and I end up having to borrow again to pay for that need. It takes a lot of discipline too. If you slip up a little, you could go back to square one.

www.daveramsey.com His plan works and is awesome. It does take discipline..and living like no one else, so you can live like no one else..but it is sooo worth it! I LOVE being debt free except the mortgage :)

I totally agree with paying off the small debts first. A couple of months ago, I found some free legit sites to help me get started. They are free to join and you can work from the comfort of your home. I have already paid off a couple of medical bills. If you are interested in the ways I am making money feel free to check out my sites below. Good luck with your goal to get out of debt. http://easymoneymakingsecrets4u.blogspot.com http://ggtutorial.com

The only way to get out of debt easy and quick is to make more than your expenses, reduce your expenses as much as possible and pay off everything as fast as you can. Unless you suddenly have a large influx of money it is unlikely you'll get out quick and easy. We are taking the Dave Ramsey course right now and the ideas and support are great but it won't be quick or easy for us. The best suggestion is work more to bring in more money.

I have to second Amy's suggestion. Check out Dave Ramsey and his Total Money Makeover. It is easy and common sense. It'll take some dedication on your part and may not be quick, but it'll be done the right way from the start. This plan has gotten me out of debt and I highly recommend it to others!