When you have a limited or unpredictable income, paying off debt is probably the last thing on your mind. You are probably making minimum payments and struggling to do even that on time (I know, I’ve been there.) But, there are some really great strategies out there for erasing debt out there, even if you have a low income. Check out this post by Shannon at Growing Slower for getting out of debt when living paycheck to paycheck:
-Learn to budget: Once we learned about and implemented a Zero Sum Budget, including about 3 dozen sinking funds, everything changed.
-Save money where you can: To get out of debt fast, get ready to buy nothing. I mean nothin’.
-If saving isn’t enough: sell things, or start a side job for extra cash.