Debt doesn’t have to run your life — or your year. The key is to focus on what’s within your control: your spending habits, your repayment strategy, and your mindset.
So, let’s hit the ground running this year with 5 practical and doable debt resolutions for 2025.
1. Create a realistic budget (and actually stick to it)
Budgets often get a bad rap. They can feel limiting, like a list of things you can’t do. But a budget isn’t about restrictions — it’s about giving yourself a clear plan to reach your goals.
Start simple: write down your income, subtract essentials like rent, groceries, and utilities, and then decide how much you’ll put toward debt, savings, and yes, some fun.
Pro Tip: Use budgeting tools to make things easier. Life rarely goes as planned; adjust accordingly. MoneyLion can help you set up your budget.
Remember, your budget doesn’t have to be perfect. Flexibility is key!
2. Make a plan that fits your life: Check out National Debt Relief
We all know the feeling, like something that is always looming in the background; debt can feel like a ghost. Whether it’s credit cards, medical bills, or personal loans, finding a solution that works for you isn’t always straightforward. That’s where National Debt Relief steps in.
Learn more about National Debt Relief here.
National Debt Relief has helped thousands of people reduce their unsecured debt, working directly with creditors to negotiate lower balances. It’s not about quick fixes or gimmicks — it’s about creating a clear, achievable path to financial freedom.
Why consider National Debt Relief?
Life doesn’t come with a one-size-fits-all approach, nor should debt solutions. National Debt Relief offers:
- Support that fits: Plans are personalized for your financial situation and goals – with no upfront fees.
- Time: You could be debt-free in 12 to 48 months*, depending on your situation.
- Negotiated savings: National Debt Relief works with creditors to reduce what you owe, helping you save money.
- No-risk consultations: The first step is a free consultation — no pressure, just information.
How It Works
- Talk to a Certified Debt Specialist: Discuss your financial goals and see if National Debt Relief is the right fit.
- Design Your Plan: Get a program built around your budget and priorities.
- Negotiation: The team at National Debt Relief handles the conversations with creditors for you.
- Debt settlement: Follow the program and pay off your debt for less than you owe.
Real people. Real results.
“I’ve only just started this journey and already I feel less stressed.”
“Derek was so patient with me and answered all my questions with compassion and kindness.”
Dec. 29, 2024
“I had a lot of questions, and they answered each one.”
“They were awesome and helped me through the process from start to finish. All the paperwork was explained and hit point by point in a detailed, common-sense way. With their assistance, I should be in a better situation.”
Dec. 25, 2024
Why start now?
Every day you wait is another day; debt takes up more space in your life. Whether you’re planning for a milestone, trying to rebuild your credit, or just want some peace of mind, NDR can help you make that happen.
Today could be the day you take the first step toward financial freedom.
3. Cut costs NOT joy
Reducing expenses doesn’t mean giving up everything you enjoy. It’s about finding small changes that free up cash without making life miserable.
For example, you could:
- Cook more meals at home instead of eating out.
- Pause subscriptions you barely use.
- Look for deals and cashback options when you shop.
Things add up! Little adjustments can add up over time and give you more flexibility for debt repayment.
4. Build a small emergency fund
It might seem counterproductive to save while paying off debt, but an emergency fund can protect you from falling deeper into debt when unexpected costs arise.
You don’t need a massive fund to start — just aim for $500 to $1,000. Even that amount can make a big difference when life throws you a curveball.
5. Speed things up with extra income
Adding even a little extra income can make a big difference when you’re tackling debt. Side gigs like freelancing, selling items you no longer need, or picking up a few shifts with a rideshare or delivery app can provide a quick financial boost.
You don’t have to commit to a second full-time job. Start with what fits your schedule and see how it helps. You can always drop it if it doesn’t work for you.
This is it!
Remember, getting started is half the battle. Start small, stay consistent, and make 2025 the year you make real progress.
