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Having debts is really a very stressful situation. Sometimes, we even feel like we can’t get out of our debts anymore. Thankfully, this isn’t true. If you properly manage your debt and change your lifestyle that’s healthy for your finances, you can get out of your debt and even live debt-free!

If you’re under debt, you have hope! You just need to know how to get out of your debt and wipe them out! In this article, we’ll show you 5 ways to wipe out debt in 90 days. Keep in mind this depends on the amount of debt you have; it may take more or less than 90 days. What’s important in the end is, you’ll be able to break-free!

  1. Set a realistic goal – Unless your debt is only $50-$100 which you owe to your Mom and Dad, wiping your debt could take time. Stop beating yourself for being so deep in debt; it won’t help. Your best bet is to simply swim above – even if it takes time. Set a realistic goal, stick to that goal, and keep swimming upward – paying your debts little by little – until you pay all of them off.
  2. Go on a month-long spending diet – Downsize and cut all unnecessary expenses in your budget. You’ll be surprised how many extra cash you actually have if you only stop spending them on unnecessary items. Cut your expenses and use what you get to pay off your debts.
  3. Stop using credit cards – Credit cards charge you a “little” in exchange of “conveniently” buying without cash. Credit cards are debt, first of all – you don’t want to add debts from an already existing one! Also, it’s not good paying those “little” charges just because it’s convenient for you.
  4. Find extra sources of income – Thanks to the Internet, anyone can find legitimate ways of earning side-income. Freelancing, taking part-time jobs or doing micro-task jobs will help you lever off the burden a little. And don’t stress about your side-gig because you don’t intend to replace that with your main job, anyway – unless it turns out you can, then why not? But for now, just get a few extra money here and there; it’ll help!
  5. File for bankruptcy – Alright, when worse comes to worst, probably your best bet is to file your bankruptcy. Filing for bankruptcy is best when you’re too much loaded in debt that you can’t handle them anymore. However, don’t rush for filing one yet (though I don’t think anyone wants to file one immediately). Bankruptcy should be your last resort, but nevertheless, it’s an option you should consider – especially when things are really just bad.

Those are just some of the ways you can apply to pay your debt completely and start living a debt-free life. But when things come to worst, don’t hesitate to file for bankruptcy. It isn’t as bad as you think.

If you can manage your debt, that’s great. But if you need to file for bankruptcy, be sure to have a bankruptcy lawyer to help you in your case!