Get out of debt as quickly as possible. That sentence is much easier to say than it is to accomplish. Most folks need a little encouragement. And encouragement is exactly what you will receive from this article. You will also receive a few tips to make your effort a bit easier. It is extremely easy to get into debt. It doesn’t take any special skills, and debt can build very fast from nearly everything that you do. You know . . . . everything! Spending money is something that we do on a regular basis. In fact a daily basis is more accurate. Food, shelter, clothing, and transportation, consume the vast majority of our available cash on hand. Cash on hand means, cash in your pocket and cash in a bank account. It does Not mean available credit on a credit card. The unwise spending of your available cash on hand after paying the essentials is unnecessarily getting you and your family deeper in debt.
Credit Card Interest Adds To Your Debt
To get out of debt you need to adjust your habits. Yes, adjust your habits. You need to save a little bit of money from as many places as possible. You also need to do this as quickly as possible. Interest on your debt has an invisible stranglehold on your family. That is why time is critical. Paying over 20% interest on credit cards is nearly criminal but it exists in too many households in the United States. If you are one of those households pay them off soon! If you need some personal encouragement Kevin Smith can provide that with a Free consultation.
Here are a few tips to help save some money to apply towards credit card debt. As we discussed changing your habits is going to be part of the process. These habits are what has gotten you into debt in the first place. That is why we must change them at this time. It is all going to involve the money that is left from your paycheck after you have paid the essentials. The essentials would be rent or mortgage, car payment or payments, grocery store food, basic clothing. Rent or mortgage will include utilities for this discussion. Pay these essentials and adjust where the rest of your money goes daily, weekly, and monthly.
Start Getting Out Of Debt Now
Here is what you need to adjust to get your finances under control and pay off your credit card debt. Don’t go out to dinner as much as you do. Cut back one dinner out a month and put the savings towards your credit card debt. If you go out everyday for lunch while at work cut back one day a week. Take a lunch from home or skip lunch one day a week. It won’t kill you and you may lose some weight in the process. Use these savings to put towards your credit card debt. My guess is you have enough clothes to get by so don’t buy any for awhile. This includes shoes. Count your shoes and if you have more than 20 pairs you have enough. Don’t buy any till next year. Same with jeans. You don’t need more than 10 pairs.
If you meet your pals for a few beers on a regular basis cut back a little. Don’t stop, just cut back. These are all things that you can easily do. The real question is “Are you willing to do it to start the process of paying off your credit card debt?” To get out of debt will free you and your family from unnecessary stress! It will also be necessary to stop using your credit cards and adding to your interest liability. It is the real problem with a lifestyle that does not pay off the credit card balance each month.
This entire process of debt removal can be stressful. It can even be painful and embarrassing at times. Nevertheless, it will be necessary to accomplish this to live a fruitful and financially fit life. When you get serious about having a better life, Contact Kevin and start the process of attaining financial freedom today!