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For some people, debt is an inescapable part of their everyday life, but it doesn’t have to be that way. Tackling sky-high credit card bills and paying-off those never-ending student loans really is possible for the most money-savvy amongst us. It might seem like you’re bogged down with debt and you’ll never make a significant dent in it, but there are certainly ways out if you take it one step at a time. Read on for some of the best tips for paying off debt.

Understand that every dollar matters

Making the most of each dollar is the first step for anyone trying to get out of debt. While it’s tempting to subscribe to the attitude of “treat yourself” when it comes to splurging on luxury items and expensive products, in order to save as much as possible and get rid of debt, it’s essential to cut back in your spending. Start this process by putting together a detailed budget.

According to NerdWallet, it’s a good idea to use the 50/30/20 budget. This method focuses on spending 50% on essentials, 30% on wants, and 20% for paying off debts. For individuals that are truly committed to lowering their amount of debt, it is beneficial to tap into the “wants” percentage for extra funds.

Embrace the side hustle

The concept is simple: make more money, pay off more debt. Embracing the side hustle lifestyle allows you to have multiple streams of income, in addition to your regular paycheck. Though these side hustles will add several hours to your weekly schedule, the extra income can have a major impact on the amount of debt you’re paying off if you’re using that money wisely.

The best side hustles to consider are part-time or one-time opportunities that tap into an your particular skill set or resources. For example, homeowners looking for extra income can turn to Airbnb, just as writers with a knack for creating quality content opt for freelance blog writing.

Take a hard look at your values

Many people want to save more, but can’t get over the hurdle of cutting back on their monthly expenses. For most people, putting limits on spending means downsizing and no longer spending as freely. Individuals that would rather “keep-up appearances” find themselves at odds with the mindset required to follow a strict budget. However, budgeting is an important part of spending less and saving more.

In order to change one’s spending habits, you need to align your money mindset with your values. Someone that truly values being debt free will be able to overcome looking less than luxury as they try to save more.

Getting over debt is possible. Put these three strategies into practice to start getting over debt today.