I have gotten myself out of debt several times in my life. There are several ways to go about it. Bankruptcy is one but you lose things. The best way Ive wver gotten out of debt is simple. 1. Stop spending unnecessarily. Simplify your life. Cook at home, simple economical meals. 2. Cut back your monthly bills as much as possible. Lower phone plans, tv packages, insurance premiums..... close unnecessary accounts. Cancel or cut up credit cards. 3. Take your tax refund every year and use it to pay off balances on bills. There are three ways to go about this. A. Pay off lowest balances first to see immediate results! B. Pay off highest interest rates first to save in the long run. C. Pay off the bill with the highest monthly payment first to free up more money per month. I hope someone gets some useful information out of this post IT WORKS!! IVE DONE IT MYSELF! I paid off thirteen credit cards in three or four years then bought a house!!
Posted on: Sun, 18 Jan 2015 19:57:41 +0000
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