Debt can feel like a life sentence for you needing to pay endless bills. Then you have limited opportunities to better your life situation. Still, there are some steps you can take to reduce your debt burden to regain financial freedom. Here are some suggestions you can follow to reduce debt.
Ways to Settle Your Debt
You can always compare the market for a better deal. We are not saying that the buffoon adverts cannot help you save serious money. Using these sites, you can save on your home, car, or insurance. You spend five minutes on reducing essential bills to reduce your debt. But remember, you need to cancel your old accounts immediately.
Then you can always shop around for a utility provider to reduce your cable, phone, gas, or electric bills. Or you can talk to your existing provider for a better tariff. Finally, you can threaten them that you will leave if they do not help reduce your payment tariff.
Another great way is to make money from the second-hand market to consolidate your existing debts. You can sell your collectables, antiques, to technology by heading to a pawn shop. But there is a much easier selling silver jewellery to the gold buyers.
Sell Your Silver Jewellery or Other Precious Metals
Yes, you will be surprised what is lying around in those boxes of stuff at home. You may even find something tucked away in the back of your drawers. But instead, you can go through your old gold and silver jewellery to provide you with an instant money source.
Instead of selling them privately, you can visit a gold buyer in Melbourne to give you a great price as per the current market value of the day. However, when it comes to selling silver, there are a few features you need to know.
Some Things to Know Before Selling Silver
You can find silver in different alloys, and pure silver is marked “99.9’. Silver jewellery is mainly made of silver alloy like sterling silver. Although silver is a soft metal similar to gold, it can scratch easily.
Hence, jewellers mix silver with metals like copper to make it durable and wearable. So, before you head out to a local gold buyer, ensure that you check the markings to see that you have silver and not costume jewellery. The reason is that many people do not buy costume jewellery.
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Therefore, look for markings on the silver piece like “925”, “800”, etc. Next, you need to know the general value by looking up the market value online before you sell. Also, sort your pieces into purity and weigh them before leaving home. Doing this helps you calculate how much each item is worth when using the current value of your precious metal.
When you have all of the information available, it is time to start negotiating selling silver jewellery to the gold buyers. The best part is that you will walk out the door with cash. It is one of the fastest ways to get money to help reduce debt or use it for any other purpose you need.