simple steps to get out of debt

Simple Steps to Get Out of Debt

www.lifethenfinance.com

The freedom of knowing bills are not hanging over

your head will make this all worthwhile.

Let’s Get Started….Shall we……..

Work out where you are now

You may not have looked at your financial position for a

while.

Just get a pen and paper and write all your credit card bills and look at the

situation honestly.

List out all your debts from smallest to largest.

List everything including the mortgage

It's been said that anyone can get rid of all their debt within

5-7 years, including their mortgage.

That means you too.

First, you need to have a small emergency fund of at

least $1000.00

The emergency fund is a safety net from the

unexpected happenings

Stop spending more than you earn NOW

This is the first thing that must be done to start the ball rolling

for your financial success.

This is most probably the reason you need to take

action now.

Look at your living expenses and cut out those things

you can't afford.

Also cut up all the credit cards.

Commit yourself to only spending what you can afford from your own

income.

Find some cash to pay down those debts.

This may mean getting a 2nd job, having a garage sale or

working.

Using the debt-snow ball method, starting paying off

the smallest debt to the largest debt.

As you pay off the debt, the small victories give you

momentum to stay on track.

To your success……

visit www.lifethenfinance.com for more related topics.