Paying off debt doesn't have to mean the end of your social life sometimes it's about reducing the number of times you participate in a spending category or finding a less expensive alternative.
If you go out to eat 10x in a month, you can scale it back to 3x and put the difference towards your debt. If dining out costs £100 every time; surely, there are other places you can eat for less and put the difference towards your debt.
It really comes down to one question:
How badly do you want to get out of this unnecessary debt?
We have compiled a list of ways you could potentially use to reduce your debt:
Create a Budget
My favourite word is BUDGET. Don't be alarmed creating a budget is one of the best ways to pay off your debt. Create a budget with the goal of paying off your debt and sticking to it. Budgeting is a simple plan to help you spend your money and maintain your expenses. One of the best ways to take control of your spending is to work off a budget.
Get your own Pennies To Pounds budget spreadsheet here.