3 ways to start 2021 debt-free

Jan. 20, 2021
3 ways to start 2021 debt-free

Owing people money is not a great way to start a new year, however, that might be the reality for some people as we all know how hard 2020 had been. In today's blog, we will look at a few ways to start a debt-free journey in the new year. 

The first thing to do is to have a good understanding of who you owe money and who owes you. Making the two lists can help you to know where to start and how to start your repayment process. It is also critical to call and remind all those that owe you that they need to pay. 

The next thing is to create a repayment plan and stick to it, it might be hard at the start but you need to calculate how long it would take you and call the people you owe to tell them about your plans. People like it when they are kept in the loop.

Finally, another great way to offset debt is to have more money, this new year seek out new opportunities. Think of a side hustle, something extra that can generate income and pursue. If done right, you would have more disposable income.