I don’t like the term ‘new year’s resolution’. If there is something you want to accomplish, it is something that you should be working on every day,  not just at the beginning of a year. If you keep the resolution mentality then you will most likely fall off the band wagon after a few months if not sooner.

In an effort to help change my lifestyle and assist many others who have the same goals for this year, I’m going to begin a series on getting out of and/or drastically reducing debt. ?Based on the information that I will be researching through books, mentors and counselors, I am going to discuss the information here on my blog.  I would love active participation from my readers!

Whether you are in debt or not, please stick around and get advice or even give advice to those who need it.
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“I consider myself out of debt when…?”

First off, Congratulations in accepting the fact that you have a debt problem and you wan’t to overcome it!

I will consider myself out of debt once the only payments I owe are for “good” debts. I consider mortgage payments, car payments and/or insurance as good debts. What does being debt free mean to you? Will it be when you only have “good” debts to pay? When you don’t know anything to anyone? Defining this question starts building a great foundation for your debt free journey.

Before you begin you also need to consider and identify the reasons you got into debt in the first place. Is it due to you living beyond your means? Is it due to a job layoff, a divorce or a time of emotional distress? By identifying the reasons you are in the place you are  today, you can do your best to prevent the situation from reoccurring. I am in the situations I am today because I was living beyond my means, I was infatuated with material possessions and my addiction overtook my wallet.
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