Melissa is a mother of 2, lives in Utah, and writes for a multitude of sites. She is currently the EIC of HarcourtHealth.com and writes about health, wellness, and business topics.

Living in debt can lead to huge negative consequences on the daily quality of life. The added stress of bill collectors calling or seeing huge balances on credit cards can be mentally and physically crippling. Plenty of people put themselves in debt early in life due to poor financial decision or funding their education. The first thing that many people need to do is to educate themselves on how they should allocate their money. Far too much money is spent on entertainment or empty purchases by people that have financial trouble. The following are tactics that can help you get out of debt sooner rather than later.

Earn Supplemental Income From Home

The freelance economy is thriving with plenty of people earning a living or adding to their monthly income working from home. This is a great option for those people that work long hours and do not have time to commute to another job. An hour or two of work per day will add up by the end of the week, especially if you are living paycheck to paycheck. People with great writing or web design skills are in high demand so honing these skills could be valuable. Virtual assistants are also good positions for people that have worked as executive assistants and are organized.

Rent Out A Room In Your Home

Renting out a room can be a great way to earn extra income but the person you lease out a room to should be looked at closely. Housing Gurus does not advise that you rent to a person without first conducting a background check and putting in place a written lease. The last thing that you want to do is to feel like a hostage in your own home due to conflicts with your new housemate. Property management companies can be of help in this department, as they can handle rent payments and check the rental history of the individual. A person paying hundreds of dollars per month can really help take a chunk out of your current debt.

Use An App That Puts Money Away After Transactions

There are plenty of apps that round up to the nearest dollar after charges in order to put away money. For those people that might have quite a few small transactions this can add up over the course of the month. There are versions of these types of apps that also help you stay on track when it comes to your budget as it can categorize certain charges. Technology can help hold you accountable when staying on track financially. Since your smartphone is probably with you most of the time, this can be a great tool to use.

Eliminate Eating Out More Than Once A Week

Eating out can be a huge cost so it is best to limit this to once a week or even less. The amount of money spent on food at a restaurant is an expense that is much higher than cooking the same meal at home. For those people that like to have a glass of wine or beer with dinner this can make the cost climb even higher. Set an eating out budget for the month and use it to your discretion. Reduce these types of entertainment costs and watch expendable income at the end of the month increase.

As you can see there are plenty of ways to start climbing out of debt. The best thing that you can do is to keep a positive attitude as this process can take some time, but it will be well worth all your effort!