6/2/2023 0 Comments No money and bills to pay![]() When my husband and I started our debt free journey we had $446,000 in debt. I’ve been there – quite frankly being in debt sucks. ![]() It is really hard to have hope when your total debt is higher then your annual income. I know it sounds counterproductive, but when you look at the big picture it is too easy to get discouraged and lose your focus. Related Post: The Mental Change I Had To Make To Pay Off 293,000 In Debt Getting out of debt is all about little victories that allow you to pay off little chunks of debt. You get out of debt by focusing on the small numbers. If you are wondering how to pay off debt with no money – here is the deal, you don’t get out of debt by focusing on the large numbers. It isn’t, you can do this! How to Pay off Debt With No Money When you look at the numbers, getting out of debt seems completely out of reach. You definitely don’t have room for a large car payment, student loan payments, and credit card bills. Your rent/mortgage is likely around $1,000-1,500 which doesn’t leave you much wiggle room for the other basics like food, gas, and utilities. If you are average and making $50,000 a year then you are most likely bringing home around $3,300 per month. ![]() It is a vicious cycle that you have to break in order to get ahead. To be blunt, your debt is making you broke, since all of your money is going to pay your bills. Paying off debt when you have no money is hard. For your convenience, many of the products I link too are affiliate links which means I may earn money if you purchase a product I recommend.
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