America is in a debt crisis.
The average household has over 16 thousand dollars in credit card debt, 28 thousand in auto loans, and 49 thousand in student loans.
The total debt owed by American consumers? 747 billion dollars.
Many of these debtors, particularly credit card owners, take on this debt in order to bridge the gap between income and expenses. This is disastrous as a lifestyle, and results in an ever-accumulating pile of debt from which there seems no escape.
But because debt has become so normalized, it becomes easy to forget its true nature. Debt holds you back. It’s the chain that binds you to those you owe, and a weight that is continuously hung over your head—one that can drop unexpectedly.
It’s time to set yourself free.
Getting out of debt is as simple as making the effort to increase your income and conserve that income, and there are hundreds of inventive ways to do this, some of which may surprise you.
To get you started, let’s take a look at 8 creative ways that you can get out of debt.