If you are in debt and looking for solutions then this article is for you.

Listed below are the simple solutions that you can implement in your everyday life to end your debt in a significant way and fast.

1. Accept that you are in debt

The first step to ending the debt is to acknowledge it. You must begin by knowing the total amount of debt and have perseverance to end it.

Here are some tips to accept it without fear:

• Write down 10 times “I’m going to get out of debt”.
• Make a graph or visual showing quantum of the debt and print it.
• Tell whoever you trust the most. Don’t reveal complete details, but don’t hide it either. When trusted people around you are aware of the problem, they will try to move you out of the situation.

2. Negotiate everything…even your debts

It sounds hard to believe, but you can really save a lot if you negotiate every day. Monthly bills, impulsive buying on streets, cell phone plan or your debt, absolutely everything is negotiable if you have something more valuable to offer.

Maybe you can negotiate a better cell phone plan that is also cheaper if you commit to an annual contract. Start trying in everything you already do and you’ll see that it’s possible to save a good amount of money which can then be used for debt repayment.

In the case of debt, there are companies dedicated to “acquire” all the debts of a person who can no longer pay. They “centralize” all the debts and negotiate each, so you can get a good discount if you agree to pay them.

3. Dedicate all your money to paying debts…and get more!

You already have the goal. Now it’s time to achieve it. This means sacrificing the spends as much as possible. Lower the luxuries and all that is unnecessary.

If they are planning to spend $1,000 on your birthday, slash the budget. If you find $100 discount on low quality decoration items, go for it. And use those extras to pay off debts. When you put all your energy into it, you’ll get out of the debt whirlpool fast.

If you are ready to take extra efforts, start looking for additional income. You can start charging for things you normally like to do. Or just work a little more on the things you already know how to do, with the goal of increasing your income and paying off the debt faster.

4. Alter your tastes

Do you really need to pay for a TV service or eat at restaurants? Can’t you survive on a cheaper cell phone plan?

Remember this throughout your life. We live in a world full of entertainment and free educational information which is easily available. So take the opportunity to stop relying on paid services. Instead create a YouTube account or listen to podcasts, read online.

All this may not sound very sexy, but it’s about appreciating more what you have and what you don’t need.

5. Learn more about money

Has it ever happened to you that when you constantly think about something, you start seeing it and hearing it everywhere? Look for the same thing to happen with your financial education.

Instead of going out and wasting time, spend more time learning how to better manage money. You’ll find that personal finances are simple and fun. To manage your money well, you need to know yourself better.

6. Use power of the word “NO”

When you are in debt means that you have not used the power of NO correctly.

Maybe you don’t know that you can improve financial situation if you use the right words. Don’t go out and spend for commitment. Stay away from projects where you won’t earn anything. Don’t limit yourself, don’t be satisfied.

Remember that this anxiety or “social” commitment is temporary and what matters in the long run is that your actions are in tune with goals. You may not yet be the person you want to be, but right now you can avoid being the person you don’t want to be. Make decisions that align with your plans and discard what doesn’t work and serve for you.

7. Live Better with Less

Human being very well knows how to adapt to its situation.

Earlier, people used to survive without air conditioners, flavors, and cell phone. But now the “problem” is that we have lost some comfort. Be more aware of what you really need. We are sure that by reducing the number of things we buy, life becomes more minimalist.

Remember – it is possible to live better with less.

8. Sell unused items

Having more of anything becomes a burden at one point. When we have more stuff in our homes, it is also reflected in our thoughts and life seems to be more complex. So get rid of all that you don’t use or has no value in your life. Sell that skateboard you’ve never used, sell the guitar you’ve played only during birthday parties. It’s now very easy to sell used stuffs online and most importantly there are buyers too.

9. Rely less on plastic money and use cash

Although using a credit card is highly recommended, it is easier to track and limit yourself, if you only use cash. It is suggested, you make a realistic budget and separate bills and cash for the same in small envelopes, thus segregating the money for each purpose. Doing this you will know that, if you run out of money from the envelope, you ran out of money for that purpose.

10. Prepare your meal every day

Everyone love to eat outside. But eating on the street is harmful for your body or wallet. And this can be proved by comparing the cost of homemade food. So become a professional by learning to cook and at the same time improve your diet and health without overspending.

11. Digital detox

Before it was easier, because if you didn’t want to make unnecessary purchases, you just had to avoid going to the stores.

But with advanced digital technologies, the whole online world is now on your fingertips. You just need to lift a finger to fall into the trap of discounts, cashback, same day delivery, and many more. So,

• Put a stop on temptations
• Unsubscribe from the stores’ newsletters
• Reduce your time of activity on social networks. If you use “shopping” time for “personal finance” time, you will start noticing significant changes.

12. Get up early

There are many studies that show that people who get up early have a better financial situation. In fact, most millionaires get up much earlier than the rest of the people. So if you’re in debt now, get used to the idea of starting the day before sunrise.

Author Bio:

Hi, I am Nikesh Mehta owner and writer of this site.

I’m an analytics professional and also love writing on finance and related industry. I’ve done online course in Financial Markets and Investment Strategy from Indian School of Business.

I can be reached at nikeshmehta@allonmoney.com. You may also visit my LinkedIn profile.