10 Tools To Help You With Your Debt Free Journey

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Getting debt free & staying debt free is hard work. It takes discipline, self sacrifice and often a lot of out of the box thinking.

10 tools for getting and staying out of debt

Over the past 3 weeks I have shared our families debt free journey

Today I want to share with you the tools we used to get out of debt and to stay out of debt for good.

10 Tools For Your Debt Free Journey

1. Help to make a budget & a plan

To do any of the steps below you first must have the knowledge of what it takes to get out of debt and how to set up a budget that works.

Here are 2 great books to help you create a budget & a plan

2. A Budget

Unless you have a plan of how to spend every dollar earned your chances of living below your means so you can pay off debt are very slim. After you debt is paid you will still need a budget to help you stay out of debt and  reach further financial goals.

Here are some helpful free resources for budgeting

3. Goals

Budgeting is going to go a lot smoother when you have an idea of what you are aiming for. I know some of you are thinking “I am aiming to get and stay debt free” but that is too broad a goal. Instead break down what getting to debt free and staying debt free will take into small actionable steps. For instance that goal could state “3 months from now we plan to have paid off…..in debt which works out to a monthly goal of…… and a weekly goal of…..”.

 4. Cash Envelopes

I will discuss cash envelopes in further detail next week (update: post in now live) but for now all I will say is that when our family uses cash to pay for eating out, date night, and other sorts of activities we always spend less than budgeted. When get busy and decide to skip the trip to the bank to get out the cash and use our debit cards instead we always go over budget.

A great article on the pros of cash envelopes & a few resources for making or buying your own

10 books you need to read if you want to be a thrifty ninja (300)5.  A library of ideas on how to keep expenses low

Through the internet and the library you can find out how to save on just about every area of your spending.

(if you want to purchase some of the books listed for your home library make sure to check out Thrifty Bookworms & Swagbucks The Perfect Romance to find out my favorite ways to save money on books)

Work At Home Ideas And Tips (med)For Success6. Flexible ways to boost income from home

Sometimes there is just that one last bill to pay that the paycheck, even with over time, can’t cover. Other times you really want to have date night, but there just isn’t enough wiggle room in the budget. Or perhaps you just want one cup of fancy coffee a month, or a week, to help you feel special during the whole “paying off debt not seeing the inside of a restaurant” stage.

If so here a few ways my family has made money from home to cover those types of expenses

10 Ways Thrifty People Renovate(med)7. A DIY spirit

Paying to do things gets expensive. Yes doing things yourself does take time, but it can be fun, rewarding and a great way to save a substantial amount of money.

Our family renovated 3 homes together and saved a lot of money on the renovations by doing the repairs ourselves.

Need a bit of DIY instruction? Try out a few of Craftsy’s free mini video courses. Craftsy also came out with a line of free downloadable PDF courses (scroll to bottom of linked post for full list)  that include step by step colorful photo instruction for things like photography, sewing, woodworking and more.

10 bible verses thrifty people memorize (med)8. Words of wisdom

Our family gets our wisdom from the bible: Here are 10 bible verses about money that have helped us become and stay debt free as well as shape our view of money.

20 thrifty ways to send quality time with your child making memories doesn't have to cost much (med)9. A wealth of inexpensive ideas for fun

Life can get really boring fast if all you do is stay home and read books from the library because that is the only free activity you can think of. (yep a bookworm just said that)

Here are a few resources to help you expand your horizons and find frugal sources of entertainment

10 Key Things Thrifty People Do Over And Over To Save Money On Just About Anything10. A toolbox for ways to save money on just about anything

If you click over to 250 Ways Thrifty People Save Money and scroll down to the bottom you will find 10 key things  our family does to saves money on just about anything. I would call this our ultimate savings toolbox, and of course all of  the 10 tools are free.

What would you add to my list?

How to earn $100 in gift cards every monthNeed a bit more cash? Grab My printable pack of worksheets that will help you earn $100 in gift cards each month

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Comments

  1. There are so many great resources here! The DIY Spirit is one of my goals for this year… our home needs some remodeling done and I’m determined to really stretch that budget and do as much of it ourselves as we can. Thanks for sharing! 🙂

    • YouTube is great for DIY projects too. We learn all sorts of ways to maintain things around the home from there. My husband used it most recently to figure out how to change the elements on our glass top stove.

  2. These tips are awesome! As someone who’s gone from over $100k in debt to absolutely debt free, I can personally vouch for the fact that these tips can literally transform your life. The only thing that didn’t help for me was the cash envelope system. I absolutely love Dave Ramsey, but it worked best for us was for me to have a prepaid credit card that gets replenished twice monthly. Thanks so much for this post, you’ve reminded me to get back on my Swagbucks account and start earning some gift cards!

    • Congrats on being debt free. I haven’t heard of anyone using a prepaid credit card as an alternative to cash envelopes. I think that is interesting.

  3. I love your tips! We’ve been on a debt free journey since we’ve been married. It’s not always easy, but it’s definitely worth it. Thanks for sharing! Pinning! 🙂

  4. Excellent links. I think meetings with my husband and actually adding receipts up as I spend have really helped. The other thing that helps is knowing I am not alone in this struggle!

  5. What a great list of resources. I love finding simple little ways to come up with extra cash to pay down those bills.

  6. What a great resource post! I found this very helpful because even though the wife and I have been through FPU, it’s always helpful to have reminders that keep us on track. So thank you for helping us to stay on our program!

  7. Fabulous collection of resources Victoria … definitely what I will keep coming back too. I haven’t actually used the cash envelope system yet and really should give it a try. Pinned.

  8. Shop with a list for needs not wants. Pretend you are wearing virtual blinders in the stores, and focus. Keep your eyes on the prize above all.

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