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Do you have debt and wonder how you'll ever get all the money that you owe paid back on time without going broke in the process? If this is your situation, you're not the only one, as more than 70% of Canadians have debt that they'd like to reduce. If you're looking for some ways to start getting out of debt at a faster pace, you may want to try the suggestions below.

Make Your Own Budget Binder

Using a binder with loose-leaf paper, you can create a spreadsheet and print out helpful tips and reminders. Here are some ideas you can use for your budget binder:

• Create and print out a monthly expectations sheet. On this sheet, you'll create a section for the total amount you're expecting to earn throughout the month and the total amount you're expecting to put towards necessities, such as the water bill and grocery shopping. After factoring in your necessities, calculate the total amount you're left with, and decide how much of that you'll put on your credit card debt.
• Add a customized meal chart. You can set a monthly meal chart that explains what you'll prepare for breakfast, lunch, and dinner each day. It can help you save because you'll know exactly what you need from the grocery store, and you won't need to make unnecessary purchases. Preparing easy slow cooker meals is one of the options you'll have to save because those meals are often simple to make, require few ingredients, and may even offer enough servings for leftovers.
• Use a money-making idea sheet as a reference. Brainstorm easy money-making ideas, such as mowing lawns in the neighborhood, collecting spare change from each room in the home, and having a garage sale, to determine ways that you could get extra cash for the month if needed. If you feel like your budget is a bit tight for the month, use the sheet as a reference for helpful tips on how you can more money on the side.

Consolidate Any Debt You Owe

If you decide to get a consolidation loan for the debt you have, you'll make fewer payments each month. You can have all or most of your credit cards paid off with the consolidation loan, and then you'll only need to make a payment towards that loan. These are some of the added benefits to consolidating your debt:

• Lower interest rates. Depending on how high the interest rates are on your different credit cards, it could take you many years to pay them all off completely, especially if you're only putting down the minimum payment. Consolidation loan companies often offer a lower interest rate when compared to credit cards so that you're not struggling to get it paid off completely.
• Cheaper monthly payment. If you calculate how much you spend each month paying the minimum on every credit card you own, you could be spending hundreds of dollars that you might struggle to afford. When consolidating your debt, you only have to make a single payment to the consolidation company monthly, and that payment will cost you less than all of your credit card payments did when combined together.
• One monthly payment to remember. Did you feel like you were paying a bill all the time because you had all these credits cards that were due throughout the month? You'll only need to remember one date when the minimum loan payment is due instead of trying to remember the dates for multiple credit cards.

These are just some of the ways debt consolidation could help you get on the right track, especially if you're looking to overcome debt quicker.

With a budget binder that you can use to keep you on track with your monthly earnings, expenses, and savings, it might be easier for you to start saving money that you can then use on your credit card debt instead. And, if you'd like to avoid making so many credit card payments, you can have your debt consolidated so that one payment each month is all you'll need to make.

Check out the site here for more helpful information on how to manage your debt.