Using Associated Content to Get Out of Debt
There are two ways of dealing with debt: declaring bankruptcy or paying it off. Paying off the debt is better for your credit rating and peace of mind. But how do you go about getting the money to pay off the debt? Associated Content (AssociatedContent.com), a paying internet content website, can help you.
Finding Your Pay Rate Per Article
The first step in using Associated Content to pay off your debt is figuring out your average income per article. The easiest way to do this is add up the total amount earned by all your articles and divide it by the number of articles accepted. You can also find the total amount you earned on the Content page of the website.
Categorizing Your Debt By Article
If you discover that you earn an average of $5.00 per article, you will divide the total amount of your debt into five-dollar increments. That means if your total debt is $5,000.00, you will have to write approximately 1,000 articles to be out of debt.
If you average pay per article comes out to an odd number like $5.27, you should round the amount down to the nearest dollar. This should insure that you will be able to pay off your debt with the allotted number of articles.
Keeping Track As Your Debt Reduces
Of course, you will not be writing 1,000 articles in a week, or even a month. Keeping track of the number of article you write will keep you on track to reduce your debt. You can create a graph or chart, or utilize a budget planning software program. Every time you write and submit an article to Associated Content, mark off another $5.00 from your debt.
What to Do With the Extra Money?
If you rounded your average per article pay down to the nearest dollar, you will end up with extra money. This money - the 27 cents per article, or whatever the extra amount was - can be applied to your debt or used to start a savings account. Of course, if the debt is accumulating interest, it makes more sense to pay it off as quickly as possible.
By finding your average Associated Content pay per article and calculating how may articles you need to write to get out of debt, you can plan your financial future. Associated Content gives you an excellent way to increase payments on your bills. Not only will this increase your credit rating and your positive feelings, it will also decrease the amount of interest you will have to pay.
Published by Melanie L. Marten
Melanie Marten is self-taught and self-employed. Besides freelance writing, she dabbles in website design and owns dozens of websites and blogs. Work is squeezed in between parenting two boys, homeschoolin... View profile
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21 Comments
Post a CommentRock on! This article is very helpful!
This is a great article. I've typed my fingers bloody in an attempt to reduce debt.
Oh yes! Every little bit adds up! Great read!
Hey John, any extra money coming in can help you get out of debt. $10.00 extra a day can help you get out of debt faster. :) This article helped me get $5.00 or so closer to being debt-free.
It seems silly to even consider AC as a source to get out of debt, unless you're one of AC's "power" writers, who get $250 bonuses.
Great article. Thanks for the tips.
Great article. I needed to read this right now. It's great advice that I needed. Bye
Good ideas -- along the lines of the life changing advice of Financial Peace's Dave Ramsey -- he's hilarious and a life saver for everyone I've ever met that has taken his course. One of his mottos that fits with your info. here -- "You've got to tell your money what to do or you'll wonder where it went!" and he tells you how to realistically do that.
I need to do it more religiously, however. I have a mountain of debt to get out from under. The past few months worth of $ is for our upcoming move in June. Moving back to Michigan.
Thank you for writing this article! This is what I've been doing for the past few months now and it is totally working! Great article!