Harry here. A lot of drivers have different reasons for driving, but one thing that Uber and Lyft can be great for is paying off debt. Today, Senior RSG Contributor Christian Perea shares some tips and resources on how he uses rideshare income to tackle credit card and student loan debt.
Most Uber drivers have debt in one form or another. In fact, the median household has $2,300 in debt. But nobody wants debt. So how do we get rid of debt while driving for rideshare?
Even though none of us will really get rich driving for companies like Uber or Lyft, I still think there are plenty of opportunities and strategies to pay down some or even all of your debt. This is especially true if you use the on-demand economy to supplement your income on top of a full time job; it’s a little bit like getting extra credit each week. If you are a full-time driver, it can be tougher because you are likely already doing a lot to make the most money on Uber, but at least you still have the option to work as many more hours as you’d like.