How to Get Out of Debt by Writing Articles on AC

Writing Articles on AC is an Easy Way to Pay Off Your Debt Faster

Although not everyone has problems with credit card debt, many of us do. Studies have shown that among U.S. credit card holders the median balance carried is $2,000. Given the fact that many credit card companies charge 12-24% in interest, paying off $2,000 of credit card debt could take over 7 years if you're only paying the minimum monthly payment (assumed to be $40)! Increasing your payments to $70 a month will cut your pay off time down to 3 years. That's only a $30 increase to reduce the amount of time you are paying by over half!!!

So how can writing articles on Associated Content help me pay off my credit card debt?

Let's assume you can average $5 for each article you write on AC. It's very possible to make much more, but we're examining a worst case scenario here. To make that extra $30 a month, you would need to write 6 articles each month. That's only 1.5 articles per week. Even a beginning content producer can manage one and a half articles a week.

But you're more ambitious than that, right? Right! So let's assume you can knock off just 3 articles a week. That means you can increase your credit card payments by $60 over the minimum. For $2,000 of credit card debt at 16% APR and a monthly payment of $100, you'll have your credit card paid off in just 2 years!

Now let's get even more determined to get rid of that nasty credit card debt. If you write 6 articles a week, you could pay off that $2,000 credit card debt in just 14 months!!! In case you haven't realized it yet, AC is awesome!

But I don't have any credit card debt...

Great! But who can't use some extra money? If you don't have credit card debt, it's very possible you have some goal you are trying to save for. Let's look at writing 3 articles a week again. The extra money you could earn from AC would be $60 a month if you average $5 per article. What can $60 a month get you? Not much if you spend it every month, but let's look at what happens when you invest that money for a big goal.