Sunday, 24 January 2010

Reduce debt by increasing your income

Overtime = extra money = reduction in debt

Work longer hours? You can't be serious?

I am serious. Every hour of overtime is worth at least one poke in the eye of the debt monster; and when you've paid off your debts and find yourself reaching for the credit card (perish the thought), you'll be able to bring up some nice memories of working overtime to coax you into saving up for that "must have" item instead of taking the easy route.

No overtime available at your place of work? A second job is an option. If it' something completely different to your actual job, it could be extremely enjoyable. Doing something enjoyable to reduce debt... sounds good to me.

Surely I can make some extra money using the internet!

Of course, but don't dive in without researching first. There are genuine opportunities and many scams. Remember, if it seems too good to be true, then it most definitely is.

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