{"id":32786,"date":"2018-12-05T19:18:36","date_gmt":"2018-12-05T23:18:36","guid":{"rendered":"http:\/\/www.andysowards.com\/blog\/?p=32786"},"modified":"2018-12-05T19:19:25","modified_gmt":"2018-12-05T23:19:25","slug":"wriggling-debt-times-tough","status":"publish","type":"post","link":"https:\/\/www.andysowards.com\/blog\/2018\/wriggling-debt-times-tough\/","title":{"rendered":"Wriggling Out of Debt When Times Are Tough"},"content":{"rendered":"

The problem with debt is that it tends to keep growing\u2014regardless of whether or not you\u2019re currently in a financial situation equipped to pay it off. Whereas people with extra income may be able to rapidly \u201czero out\u201d their balances, most of us have to figure out how to balance the expenses of living with tackling debt. That is to say, most people don\u2019t have a stockpile of money sitting around to devote to debt repayment; it becomes a matter of figuring out how to make the most of every penny through a savvy combination of budgeting, strategizing and possibly even picking up a \u201cside hustle<\/a>.\u201d<\/p>\n

It\u2019s entirely possible to wriggle out of debt, even when times are tough. While it can be challenging in the present, it\u2019s highly important to prioritize repaying debt so you can avoid mounting interest fees that will make it even tougher in the future.<\/p>\n

Set Yourself Up for Budgeting Success<\/h3>\n

\"how-to-budget-and-save-money-in-5-easy-steps\"<\/a>
\nStrategies for Budgeting and Saving Money<\/em><\/p>\n

The only way to wring extra money<\/a> out of your income is to budget. This will provide a framework for assessing your earnings and expenditures honestly. The hope is that you\u2019ll notice areas in which you can cut back even more, thereby freeing up extra funds to devote toward debt elimination.<\/p>\n

What are the hallmarks of a good budget? According to The Balance<\/i>, these are some factors of the most successful budgets<\/a>:<\/p>\n