Major debt may call for lifestyle changes

Major debt may call for lifestyle changesSure, there are small ways to save a little extra money to repay your loans, like bringing lunch to work or skipping your next hair appointment, but sometimes consumers need a bigger change in order to make ends meet. There are a number of things you can do to save your hard-earned dollars and put them towards bills in order to save your credit score from dropping.

If you live alone, it may be time to learn how to share again and get a roommate. Rent is a major portion of people's monthly expenditures, and wouldn't it be nice to have a little help? Splitting utilities down the middle means more funds available to repay your debt.

Be selective with your outings – eat out on special occasions and drink economically. Your new friend should make it easier to enjoy spending a night at home, and if you must go out, go for the wine or beer rather than a $10 martini. Your area my have free museum exhibitions or film screenings to attend as well.

Another way to save is to keep your car, rather than trading it in and incurring new monthly charges every few years. Once you finish the payments on your car loans, you won't have anymore bills to worry about.