Happy New Year!

Well, get ready…2010 is going to be incredible!

We’re looking forward to having you on a really great ride with us!

Yours to your best year yet,

Tips to Be Debt Free, Part 2

This post is a continuation from the one that began yesterday.

2) Make a very detailed budget for all your monthly expenses. Be sure to have enough so you are able to make at least the minimum payments on all of your debt.

3) From the lists above pick the smallest debt as your target. Pay as much towards this debt as you can without cutting payments on your other debts.

Once you manage to pay off this debt completely, take that money and apply it to the next smallest debt. Keep doing this again and again until your debt is all paid off. Doing this will allow you to pay off all your debt, even if you can’t get extra money coming in.

This method works, it just takes discipline. You’ll have to make sacrifices if you want to be debt free. That means making a reasonable budget and sticking to it.

But if you stay disciplined, and keep at it, you will eventually find yourself out of debt, which will bring you peace of mind and will make all the sacrifices seem worthwhile.

Yours in working to keep debt free,

P.S. You can read more tips on debt consolidation and keeping debt free here

Tips to Be Debt Free, Part 1

It seems like Debt is something many of us, including those all around the world, struggle with.

As a result, we often want to know how to be debt free.

Nowadays, you can’t afford to just buy things will nilly, and sometimes you may have to use a credit card or get a loan. But if the unexpected happens and you’re not able to pay back those debts, you can find yourself in an out of control, downward spiral.

Many’s the time you might find yourself in more debt than you can handle because of an unexpected illness, or time away from work or even an unexpected household repair or a water heater than just expired two seconds before you were to take your shower.

Such calamities might require you to use your credit card and as a result put you in a position with more debt than you can reasonably handle.

There are many options available to you such as debt counseling services, debt consolidation and even bankruptcy. But before you do anything that drastic, take some time to try to fix your debt situation on your own.

It is possible, even without adding income, to pay off your debt.

It will take time, though, and it will take discipline but if you are committed to living a life without any debt you can do it.

Now, and tomorrow, I’ll discuss some tips to help you become debt free.

Here are a few tips to help you get rid of

1) Make yourself a detailed list of all your debt. Add everything; even the smallest of debts should be added to this list. Your list should include your monthly household bills (such as house payments, insurance, utility bills, etc etc etc) in one column and your debt in another column.

Come back tomorrow to pick up the remaining two tips. In the meantime, you can start making your list now, as mentioned above.

Yours in working to keep debt free,

P.S. You can read more tips on debt consolidation and keeping debt free here

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