Posts tagged get out of debt tips
Money Makeover
May 10th
I have about 10 months to get my financial situation under control. We aren’t broke, but we are spenders not savers. Being in my early twenties, I’m hoping to develop good financial habits now so that I can be financially stable my entire lifetime. I’ve tried countless times to try and get my situation under control but once I do, I end up back in the same old spending habits.I’m taking a stand. I’m getting over my debt and my spending today.
Right now.
Right this very second, I’m putting my foot down.
Image Courtesy of Brains That Work
“I like to spend money.”
Over the course of the next few weeks, I’m going to discuss a few financial programs that others have recommended to me:
Total Money Makeover – Dave Ramsey
How to Get Out of Debt, Stay Out of Debt, and Live Prosperously – Jerrold Mundis
The Everything Get Out of Debt Book – Cheryl Kimball
I’m going to talk about the values and techniques that I learn and how it is changing my financial future day by day. I hope that this will be an informative and fun journey. Good Luck!
Get Out Of Debt: The Beginning
Jan 4th
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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