Alternatives to Loans: 5 Things to Do Instead of Borrowing Money

5 things to do instead of borrowing money -- great alternatives to loans!Probably the most critical step to getting out of debt is to quit borrowing. That means you NEED to find alternatives to loans.

That said, the idea of turning to debt for help is so pervasive that it can be hard to even think of other options. Borrowing money feels like the default solution, especially when you’re stressed out and worried.

But there ARE other choices out there, and many of them are a whole lot easier than you think. Here are 5 alternatives to loans:
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Should You Use Your 401K to Pay Off Debt?

Why not go ahead and use your 401k to pay off debt? There are some very good reasons not to. Here's why the money in your 401K should STAY in your 401K account -- even if you intend to pay yourself back with interest.

You’re itching to get out of debt, right? The sooner, the better. So you might be wondering, “Should I use 401k to pay off debt or not?” It’s a common question, and it’s natural to consider.

After all, you’ve got money just sitting there, money that you aren’t using right now. Why not go ahead and use your 401k to pay off debt?

Well, there are some very good reasons not to. Here’s why the money in your 401K should STAY in your 401K account. (Yes, even if you intend to pay yourself back with interest.)
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Spending Problem Signs (Plus Ways to Overcome a Spending Problem)

Check these signs of a spending problem
Do you have a spending problem? I do. The thing is, it’s not always easy to recognize a spending problem. That’s because one of the realities of being human is that it’s hard for us to see our own issues — even if they’re things that might be obvious to an outsider.

Before we get into possible ways to overcome a spending problem, let’s talk about how to identify one. Keep in mind that having a spending problem is not necessarily the same as having compulsive shopping disorder or a spending addiction. It’s broader than that.
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