Get out of debt with small changes

The holidays are coming and, at this time, the desire to meet all the friends, to give family members and to enjoy the many invitations to parties is great. With events, however, there are also many expenses and, if you are not in the most comfortable financial situation, it is difficult to keep up with the rhythm and give to everyone you wanted. Creloan has selected some actions you can take in 2016 to cut expenses, get out of debt and have a quieter 2016.

Know your expenses

Know your expenses

Keep these words: organization and planning. Put on paper (or in the application! See how Creloan can help you!) Fixed expenses such as energy, water, food and transportation. You can not stop them, but you can reduce them by evaluating small wastes, such as leaving the faucet open while soaping the dishes or when you stop making the shopping list and place items in the cart without any criteria. You can also cut down on superfluous expenses, such as stop spending a chocolate here and a coffee shop down the street, cut down on your way to the beauty salon, and avoid eating out.

Search opportunities


Do you buy cable, telephony and internet services? If the answer is yes, make sure you are on the plan most appropriate to your real needs. Also assess whether your competition offers packages that are cheaper and consistent with your goal of reducing expenses. You may be surprised at how much you can save by making these small adjustments.

Save, save and save

Even small amounts can raise your budget. A piggy bank is sure to help. The change of bread, instead of becoming a delicacy, can be saved. Take this step once and you will have less fat and extra bills.

Learn to differentiate the “I want” from “I need”

Learn to differentiate the "I want" from "I need"

At all times we are bombarded with “offers”, “promotions,” “unique and unforgettable opportunities”. Before accepting them, ask yourself: Do I want to or do I need this? If you just want, reflect, is it worth bursting the budget for that desire? If you believe you need to, assess whether this need can wait for a more convenient time.

Practice detachment

In the past months you were not so conscientious and bought everything that seemed useful. Scan the house and see what is unusable. Tell your friends that you are selling some things to raise money, spread on social networks or use sites that provide this service. Clothes, appliances, and trinkets can make up an estate you never imagined you own.

Engage your family

Engage your family

If you live with your family it is important to involve them in new practices. Everyone needs to remember to turn off the light when leaving an empty room. And do not think about abusing time in the bath and the hours that the television is connected without anyone to watch it. Children also need to be alerted to the current situation. If everyone is committed, the positive results will be faster.

Negotiate debts

Remember: The main reason for you to devote yourself to saving money is to build your financial freedom. Paying off your debts and getting rid of them is the first step. So see if it is possible to negotiate and evaluate your current possibilities. If the lender to whom you owe does not have a specific sector for debt negotiation, insist and see what can be done. Do not break the deal. You do not want them to lose confidence in you, do you?
Have you ever felt any squeeze because you did not know how to cut expenses? Share your experience in the comments. Take the time to tell us what actions you can take right now to get out of debt.