Your debt means you are spending more than what you are earning. This is a problem that you have to solve if you really want to get out of debt.
There are two ways that you can do this. One is to cut back on your expenses. When you do this, you will eliminate the unnecessary spending that is getting you to spend more than you should. However, if the reason for your increased spending is your debt payment, you actually have no choice but to earn more money.
Some financial experts prefer that debt ridden consumers focus on increasing their income because that is being more proactive. It sets up the consumer to a bigger income that will be more beneficial when they get out of debt.
There are many options for you to increase your cash inflow without burning yourself out. We suggest that you go for work at home options so any extended work hours will keep you close to your family.
Thanks to the Internet, you can build up an online career or business. Online careers include web development, web design, writing, accounting/bookkeeping jobs, programming, graphic design, etc. There are also careers related to social media marketing, search engine optimization, link building and Internet marketing that you can look into. You simply have to look for a client that will hire you for your services.
You can also set up an online business - the most famous is an online store. You can sell products online and generate income from it. Some people partner with suppliers who will do everything for them - keep the inventory, package the product and ship it to the customer. All you have to do is to set up the online shop, make sure you get a lot of orders and organize it so when it gets to the supplier, the orders will be delivered as requested. If you set up your store to be automatic, it will earn you money even as you sleep.
Another option to earn more is through your hobby. If you can cook or bake, why not use that and cook/bake for others? Now that the holidays is upon us, bake cookies and sell it as gift items. If you love to garden, offer to take care of the garden of your neighbors. Even those who love to shop and have a good taste can hire themselves out as a personal shopper. If you love pets, offer to walk the pets of your neighbors.
You can also set up a passive income business. If you are not using your garage, why not convert it to a studio apartment that you can rent out? Or if you have an extra room, rent it out to earn more money.
There are many ways to increase your income you just have to be creative and resourceful about it. Try to choose something that will not tire you out or keep you too long from your family.