Depending on how much debt you have, 2023 could be the year you write off or significantly reduce those financial obligations. Either way, you can end the year on a stronger financial footing. No trick will do the job on its own, but organizing ideas can reduce debt dramatically.

1. Review your monthly budget

Go through your monthly budget. If you need a monthly budget, take the steps to create one. Sometimes, just seeing your monthly expenses in black and white helps you focus on expenses that you can easily make without. For example, if you pay for a bunch of small subscription services, you can reduce them without affecting your quality of life.

2. Find a side job that you love

Some jobs are just fun and don’t look like work. The best side activities involve activities that you want to do even if you don’t get paid. For you, it could be teaching someone to play an instrument or speak a foreign language. It could be walking the dog or making crafts to sell online.

3. Lower your utility bill

Depending on the age of your home, you can lose hundreds of dollars each year due to leaky windows and dripping water. Fortunately, there are dozens of ways to reduce utility bills.

4. Take advantage of coupons

Whether you clip them from a newspaper, download them from a website, or use a shopping app designed to help you find the lowest prices, coupons can save you hundreds of dollars each. five. That’s how much you can spend on existing debt. However, there is a little trick. Anyway, you need to find coupons for the products you intend to buy. Otherwise, you’ll be spending money on products that you could easily make without.

5. Plan your meals

Meal planning:
Some people enjoy the job, while others enjoy root canals. Like it or not, planning your meals in advance allows you to create an accurate shopping list. It also gives you time to check your fridge and pantry to make sure you don’t have what you need.

6. Only buy when there is a list

It doesn’t matter if you buy groceries or school clothes for your child. Carrying a list of things you need can help you stay focused. It can also reduce impulsive purchases. Also, if you have children with you, you can explain that you only buy what is on the list.

7. Switch from cable TV to streaming

If you’re paying $100 or more per month for cable TV, that’s money that could easily be used to pay off the loan. Consider paying less for a streaming service that only includes the channels you watch. If you don’t watch a lot of TV, look for shows you can watch online.

8. Find fun and free activities

Many of those who get out of debt start by taking advantage of whatever they can do for free in their area. For example:

Many zoos, museums, and aquariums are free to enter on certain days.
Parks are always a good bet. Pack a lunch and, if you have kids, let them escape the stench at a local park. Watch movies from your local library. As long as you still have a DVD or Blu-ray player, you’re spoiled for choice.
Board game. The truth is that most of us never stop loving the board game. You can buy them for a song in thrift stores. Long walk. Even if you’ve never been one to go out and enjoy a nice day, now is the time to work those muscles while saving some cash. If you have kids, they’ll probably love it.

Cycle path Chances are your local government website will list all the bike paths near you. Above all, don’t be discouraged. You don’t need to freeze your entertainment spending forever. Until you get your debt under control instead of letting it control you.