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

And then there were none

Cultivate Strong Habits

With our fifth and last tip (for this go-round at least), we pose taking time for a healthy self-examination. Consider such things like the following:

How is your work ethic? Do you just put your time in, collect your paycheck, and go home?

Are you a hard worker?Or do you just do enough to “get by”?

Are you punctual? Do you take time off excessively? Are you dependable?

Are you trustworthy? Do you gossip?

How’s your attitude? More importantly…how would others (say your boss or co-workers) describe your attitude?

You’ll need to develop a solid work ethic, good time-management skills, solid people skills, and other professional habits, in order to enjoy success, particularly during tough economic times.

This step and the four we’ve posted in the days preceding this one, will transform you into the kind of person who can succeed during a recession.

Start making these changes today, and refuse to be a victim during these tough economic times.