Most Americans owe several thousand dollars of unsecured debt. The source of this debt problem comes from people who are constantly spending their budget. Soon they receive a living wage before payment of wages with redemption and return of vehicles only through a couple of salaries, if so far. Debt problems create tension in the home, family stress and can lead to divorce if left unresolved.
The only surefire way to eliminate debt is to change your perception of money and spending. You have to take the sea seal mentality on a secret mission to succeed. Financial companies earn millions of dollars from middle-class Americans and make a profit from those who can afford it the least over the years. The madness must stop.
To eliminate debt, look closely at your finances. Turn on the candy at the corner dressing. Add up everything you spend money on, and mark them for importance to you and your family.
Then take the bills. You know how much you spend on power, phones, entertainment, pizza on a Friday night. See how much money you can save by cutting these costs. Debt settlement requires some sacrifices. Marine seal, remember?
Save on gasoline costs by eliminating unnecessary trips to the store. Disconnect the cable / cookware. You need a monthly fee to pay the debt. Keep track of your electricity and water bills. Use only the minimum you need for life. Think sea seal. If you add up these savings, you can get the extra 50-200 per month that you just added to your income. This extra income will be your means of eliminating debt.
Now take the smallest debt you owe. How long have you been paying for it? Maybe too long and the finance company thanks you for being such a good customer! You have found your first victim in your debt settlement.
Take the extra income you found and apply it to the first account. Do this until the first bill shows zero balance. Do not deviate from your course. Don’t give up. Be persistent in your quest.
Once this bill no longer exists, sit down for a moment and rejoice in your victory. To achieve part of your goal you need a holiday to acknowledge the fact. Enjoy the magic words “Paid in full”. Give yourself a gift. Take your family out to a nice dinner. Buy yourself a new outfit! The idea of rewarding yourself only fuels the desire to achieve your goal.
Take the money you no longer send to the first account and start applying it to the second debt – the next victim in the queue. Do this over and over until you become debt free. This concept works. You can do it.
To fully enjoy life, you must learn life skills to live within your means. The amount of money you save without transferring to financial companies will surprise you. Family vacations, buying new cars in cash, spending new clothes without paying interest on it are goals you can achieve. The struggle between income and expenses stops when you don’t owe creditors. You no longer need to work as hard as before, it becomes a choice. If your income belongs only to you, you will never need to visit a financial company for a loan or own another credit card for life. Debt relief will give you the best feeling in the world.