10 Ways to Pay Off Debt When You're Broke

How to make tons of money without straining

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    What if I can't pay my important bills?

    February 11, Vocal techniques to help you sing soaring melodies without cracking or strain. A little embarrassed, you try again, this time pushing the note a bit harder.

    For those living paycheck to paycheckit may be impossible to pay all the critical bills, such as the rent or mortgage, and car loan. In that case, you need to get out in front of the situation.

    These include: waiving late fees, preventing shut-offs, setting up deferred payment plans, and making emergency funds available to low-income households. Many credit card companies have already announced programs to help their cardholders. You may be able to arrange a temporary credit limit increase, a temporary interest rate reduction or forbearance — you can miss a payment without a late penalty, but the interest still accrues.

    how to make tons of money without straining

    You have to contact them. Another option to consider: Sign up for a 0 percent balance transfer credit card that will help your cash flow in the near-term and save you money in the long run.

    how to make tons of money without straining

    With some of these cards, you can stop the interest clock for a year or more. Do you have a cashback rewards card? Now may be the time to cash in those rewards to pay some critical bills. What about student loans?

    Here are 10 ways you can get it done. Create a Budget A budget will help you make better decisions about your money and give you an idea of how much you can afford to put toward your debt each month. Don't try to manage your expenses in your head; seeing the numbers on paper lets you see the bigger picture without relying on your memory. Your budget can also help you decide where you might be able to free up money for paying down your debt.

    Trump announced last week that interest on federal students loans is being waived until the national emergency has ended. But details about implementation are still sketchy, according to Mark Kantrowitz, publisher and vice president of research at Savingforcollege.

    how to make tons of money without straining

    Those with private student loans should contact the lender to ask about their options. Assistance offers include: forbearance, grace periods, lowered interest rates and interest-only payments.

    Make It If you're looking to generate extra income, you may have more options than you think — even if you're already working full-time. In David Pogue's upcoming book, " Pogue's Basics: Money ," the Yahoo tech columnist provides tips and shortcuts to make money with little effort, on your own terms. Here are six ways to line your pockets in your free time, including Pogue's estimates of how much you could make doing each.