3 Helpful Tips For Getting Out of Debt

Every week it seems that there is a “get out debt” article in one of the national newspapers, but these articles are usually very light on actionable advice, which makes them almost worthless to the average person just looking for a simple way to improve their situation.

Let’s face it, if you are sinking in a river of debt and are desperately looking for a way out, then all you really need is some no-nonsense advice that gets straight to the point.

So without any further ado, here are 3 helpful tips for getting out of debt…

Reduce your spending

Sure, every self proclaimed financial guru out there will tell you to “reduce your spending,” but how many actually show you how to do it? Not many.

There are many different ways you can reduce your spending to get out of debt. For example, how about finding the cheapest auto insurance out there, that is so cheap you could save hundreds of dollars a year? Well, it’s actually easier than you think to achieve this.

One way is to bundle all of your insurance policies together with one company, and another way is to use a car insurance comparison website to find ultra low quotes.

In fact, there are around 30 different tips and tricks that will help you get cheaper car insurance, and I also have many hundreds of tips that will help you reduce your spending. If you want me to write more articles about this subject, then contact the owner of this blog to let them know.

Negotiate with creditors

When your debt is getting out of control, the last thing you want to do is hide away like a scared puppy. You will never improve your situation by avoiding the problem, which means you must stand tall and tackle everything head on.

The first step in the process of getting out of debt is to contact your creditors so you can start negotiating. For example, if the interest rates are currently sky high, then negotiating a lower interest rate will give you a bit of breathing room so you are not being bombarded with extra fees month after month. Never just assume that creditors won’t negotiate, because in most cases they will.

Increase your income

Once you have reduced your spending and negotiated with creditors, the only thing left to do is increase your income. The simple math here is: increased income + larger monthly repayments = get out of debt. It really is that simple.

How Students in Calgary are Saving Money

student girlGoing to university in Calgary is an exciting time. There is so much to see and do, with stunning landscape to explore in the Alberta area, and a vibrant nightlife in Calgary city center that keeps students entertained night after night.

However, while the good times might be rolling for a few months, at some point you will come to the realization money is running out fast. This is a major problem that affects just about every student, and unless you have a rich family prepared to send you envelopes stuffed with cash every month, then you will have to work on your finances in order to stay afloat.

Keep reading to discover how students in Calgary are saving money:

Negotiate better energy prices

No matter if you are sharing a house or renting a room, negotiating better energy prices is a surefire way to reduce your living costs. Let’s face it, Alberta is the hub for energy companies in Canada, which means it’s not that hard to get the cheapest deal and save yourself a bundle.

In fact, Enmax Calgary who are the most well known energy company in the area, are always on hand to beat any energy quote you may have received elsewhere.

Be cautious about taking loans

Unfortunately, there are some students in Calgary that have fallen pray to high interest loans in recent years. Loans such as payday advances can seem very tempting, especially when you find yourself in a financial tight spot, but in the end they only serve to make the situation worse.

Instead, ask family and friends for help when cash is tight, or speak to someone at the university for independent financial advice.

Get a student bank account

Because Calgary has so many students, you will be pleased to hear that there are a range of attractive student bank accounts to choose from.

These often come with a generous overdraft facility, a higher than average interest rate, and a debit card so you can draw out money from ATM machines around the city. Shop around to find the best deal, and then work hard at saving your money.

Make money online

While working at a part time job is what most students do to earn extra money, the main downside to this approach is that it takes up your valuable time. Let’s face it, working 20 hours a week takes you away from precious study time, which means your grades might end up suffering as a result.

With this in mind, have you considered trying to make money online? You could start a blog, sell items on Ebay or Amazon, and even post videos on YouTube to make some extra dollars.

6 Tips For Big Discounts on Cruise Holidays

Cruise ShipHave you always wanted to go on a cruise to see the world? Lack of money might have stopped you from turning your dream into a reality in the past, but these days getting big discounts on cruise holidays is easier than you think!  Although this is a departure (pardon the pun) for us we are going to see how to make your money travel further (oh another pun!) with a cruise.

The following tips will supply you with all of the insider info that you need to know…

Websites

One of the best ways to get big discounts on cruise holidays is to visit a website that specializes in offering deals. How are they able to offer such cheap prices?

Quite simply, they have lower overheads than traditional travel agencies, which means they can pass the savings on to you. Check out CruiseOffers.co.uk for big discounts on cruise holidays as they seem to be market leaders.

Book early

Another way to lock in the best discounts is to book early. Typically, if you book many months in advance, you should be able to get the best prices, as well as having your choice of cabins.

Book late

If you are not too fussy about what kind of cruise holiday you go on, then booking late is also a good option for locking in discounts. Many cruise ships offer places at cheaper prices, because it’s better to sell them at below normal price rather than not sell them at all.

Off season

Another great way to save yourself some money on cruise holidays is to book your trip in the off season.

Obviously, this depends on the destination you go to, and also be prepared for the weather not being that hot, but if you want to get away from it all on a budget, then this is a viable method. For example, you could book a cruise of the Mediterranean during November.

Standby

Did you know that it is now possible to get yourself on standby for a cruise holiday? This means that if some people cancel at the last minute, then you can fill their place at a discounted rate. This is an excellent choice if you don’t have work commitments, and are flexible on the dates you can go.

Promotions

From time to time, certain cruise holiday companies offer special promotions to entice new customers. These promotions typically give significant savings off the normal price, which means you can potentially save yourself a bundle.

You must act fast though, as the majority of promotions are only available for a limited time, and are on a strictly first come, first served basis.