Are you struggling to be a debt free mom? If you want to pay off all your debts, but you are skeptical to believe that it is possible to become debt free then there are things you can do to become debt free. It will take patience and an effort to defeat the debt monster.

You can become debt free soon if you know how to save money and ways to make money from home. If you are looking to get rid of the debt-monster, I will show you how to become a debt-free super mom in this post.


Have Financial Goals

Without a goal, you cannot achieve the results you seek. From the beginning, make both long-term and short-term financial goals. Of course, you can adjust as things come, but never lose sight of your goals. You will find it easier to become debt free eventually.

Set a Budget

If you have a budget, it will be easy to defeat the debt monster. With a budget, you will be able to keep track of your money spent on mortgage or rent, food, clothes, bills, etc. You will have a real idea of where you can cut expenses. Set a budget and live by it to pay off your debt quickly.

Become a Frugal Mom

You could cut on expenses like eating out every week, going for drinks with friends every weekend, a family vacation, or a purchase. Having said that, it is not easy to say no to those things and more to slash expenses. But if you make it a habit to live within your means all the time; you would be able to defeat the debt monster rather quickly. Being focused on the end goal will keep you in the right direction.

Work Hard

If you work hard to earn more income, you could use the extra money to pay off your debt. You could work weekends, holidays, extra hours and do things no one else wants to do, depending on the job you do to earn extra money.

Save and Save Some More

Saving some money aside for things that are not in the budget like the A/C breaking, emergency plumbing, etc., you would be able to save some money that probably will be used to defeat the debt monster.

It is unlikely that you would need to call a plumber or HVAC contractor every month. The money put aside to deal with emergencies like them can be thrown towards your debt.


Pay Cash for Everything

Credit cards are so tempting. You could get cash back or rewards points that could be converted into cash or gift vouchers depending on the card(s) you have. But there is usually an annual fee. If you do not pay your credit card balances in full each month, you would have to pay interests which vary depending on the credit card company and your credit history. If you pay cash for everything, you can avoid incurring any interests or paying annual fee that a credit card may charge when you use one.

Earn More Money

For moms, there are many ways to make money from home these days. An additional source of income will expedite your debt-payoff mission. The best thing about generating more income is that you could generate more income from home thanks to the internet. Do you have a particular skill or hobby you enjoy a lot? Maybe you could use your skill and hobby to make some extra cash from the comfort of your home.

If you have the passion for writing then you could write articles or blog posts on almost any topics for websites and blogs. If you are organized, have good communication skill and are proficient in various computer applications like MS Word, Excel, etc. you can become a virtual assistant for companies and individuals and earn money. If you re good at any specific subject academically, you could tutor students online or in person at your or the student’s place.

You can then offer transcription and translation service if you have the relevant skills. You could sell things that you no longer need on eBay or other sites. You can even buy things at the cheap price and resell them on eBay or for a profit.

Starting a blog is a great way to make money but it will take months or even years depending on the work you put in to make money. There are more ways to make extra money such as mystery shopping, courthouse research, search evaluation jobs, usability test, paid online surveys, and more.

In Conclusion

Everyone’s financial goals and situations are different. However, you can achieve your goals of becoming a debt-free super mom. But there are some things that can help you reach your goals. If you know how to save money and different ways to make money from home, it will become much easier to become a debt-free super mom. Once you become debt free, you can take more positive actions with the money you earn, instead of paying someone back.

PS If you know other methods to save money, you can share them in the comment section below.

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Razia Rahman

Razia Rahman

Owner, Super Moms Make Money. Content Writer and Editor.