How To Live A Great Life Without Debt
A life without debt! Have you ever thought about what that would be like? Could you get by without credit cards, without a mortgage and imagine not owing money to any bank or anyone? How would you handle trying to rent a car, spend a night in a motel or buy theater tickets online?
I am sure you find it really frightening to see the news, when the main topic is always the recession and the financial problems in the world today.They continue to tell us how bad things are including all the losses of jobs, the homes that families are losing, the many business that have had to close down. It makes feeling positive a very difficult thing to do. If you have already been a victim of the share market then you really understand what its all about.
Enough of the negatives, if you are anything like me you will be tired of all the doom and gloom. We always have choices, we have choices to make each day better than the one before. We choose whether to wallow in the doom and gloom or whether we can find something positive about it all. What about if you made a goal right now today, to start to live your life without debt?Would that empower you? Where would you start? Not sure? Let me give you some ideas.
Burn your credit cards! Next step is to find a really cheap debit card. No fees if you can find one. Debit cards are great, you can only spend the money that is in your account, there is no credit on them at all. And if you want to pay for something online or book a hire car they are great for that too.
The next step is to pay off those credit cards, now this can take some time, here's how it works quickest. Pay extra money, above the minimum only on the credit card with the smallest amount owing. Pay the rest of them minimum payments only. When you have paid off the smallest, then pay off the next smallest and so on. Each time you pay a credit card off, take the amount you were paying towards that card and add it to the amount you are paying off the next card. That way each time you pay off a card you will have more money to pay off the next.
Construct a workable budget and stick to it. Pay for things with cash or your debit card only. Save an emergency fund and have goals and save for the things you need.
Living without debt will be so very wonderful for you. It takes away all the stress. It gives you feelings of security, knowing that you are rowing your own boat and are not owing anyone money. You will never be vulnerable again in times of boom or bust financial markets. It becomes a way of life that is so great that I don't think you would ever want to go back. Enjoy!
I am sure you find it really frightening to see the news, when the main topic is always the recession and the financial problems in the world today.They continue to tell us how bad things are including all the losses of jobs, the homes that families are losing, the many business that have had to close down. It makes feeling positive a very difficult thing to do. If you have already been a victim of the share market then you really understand what its all about.
Enough of the negatives, if you are anything like me you will be tired of all the doom and gloom. We always have choices, we have choices to make each day better than the one before. We choose whether to wallow in the doom and gloom or whether we can find something positive about it all. What about if you made a goal right now today, to start to live your life without debt?Would that empower you? Where would you start? Not sure? Let me give you some ideas.
Burn your credit cards! Next step is to find a really cheap debit card. No fees if you can find one. Debit cards are great, you can only spend the money that is in your account, there is no credit on them at all. And if you want to pay for something online or book a hire car they are great for that too.
The next step is to pay off those credit cards, now this can take some time, here's how it works quickest. Pay extra money, above the minimum only on the credit card with the smallest amount owing. Pay the rest of them minimum payments only. When you have paid off the smallest, then pay off the next smallest and so on. Each time you pay a credit card off, take the amount you were paying towards that card and add it to the amount you are paying off the next card. That way each time you pay off a card you will have more money to pay off the next.
Construct a workable budget and stick to it. Pay for things with cash or your debit card only. Save an emergency fund and have goals and save for the things you need.
Living without debt will be so very wonderful for you. It takes away all the stress. It gives you feelings of security, knowing that you are rowing your own boat and are not owing anyone money. You will never be vulnerable again in times of boom or bust financial markets. It becomes a way of life that is so great that I don't think you would ever want to go back. Enjoy!
About the Author:
India Moon has been helping folk pay off debt for more than for 10 years. For free information and tips please make sure that you Clickhelp getting out of debt Click here for even more Free Debt Help
posted by Credit Counseling at
8:49 AM
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