Newsletter - How to Pay Off Debt When You’re on a Fixed Income

This is your Newsletter. [LPB]( [LPL]( [LetmePayday Newsletter]( You Might Like     [Learn more about Jeeng](  [How to Pay Off Debt When You’re on a Fixed Income]( [How to Pay Off Debt When You’re on a Fixed Income]( Don’t lose hope — one of these tactics could help you become debt free. Paying off debt can be a real burden for anyone, but it can be especially challenging for those living on a fixed income from month to month. Fixed-income Americans include groups like retirees who no longer receive a regular paycheck and instead rely on a pension or Social Security income. While paying off debt on a fixed income may be more difficult, it is possible. Give these three tips a try to help say goodbye to debt and hello to more financial freedom. 1. Redo your budget The easiest of the three options is to simply redo your budget. Revisit where you’re allocating and spending your fixed income each month and see if there are changes you can make. Are you paying $120 a month for a cable plan you barely use, or $100 for unlimited cellular data even though you’re always on wifi? Or perhaps you’re paying $100 for the highest-speed internet when you only pop open your laptop to read the news? These scenarios leave lots of room for reworking your budget. [[icon] Read MoreÂ](  [Get the money you need](   [What to Do Before You Lease a Car](  [What to Do Before You Lease a Car]( Getting a new car is a big decision, and you should choose your next vehicle carefully. But if you think finding the right car is difficult, deciding whether to lease or buy can be even more overwhelming. Start the process right by understanding the minimum credit score to lease a car and determining whether this is the best decision for you. 1. Check Your Credit According to Experian, companies that lease automobiles typically like to see a credit score of 700 or higher, though you might be able to get approved for some leases with a score that falls below that. In some cases, it’s easier to qualify for a lease for certain vehicles, such as those that come with a lower price tag. Before you apply for a lease, you should check your credit report, giving yourself plenty of time to dispute and fix any negative mistakes to enhance your chance of getting approved for a lease. You can get a copy of your credit report from AnnualCreditReport.com. Usually, you get one copy per year from each of the three major bureaus, but due to COVID-19, you can get one copy every week through April 2022. [[icon] Read MoreÂ](  You Might Like     [Learn more about Jeeng]( Connect with LetmePayday on Social Media Pages [Facebook]( [Linkedin](    [Unsubscribe](