If you want to rapidly reduce your debt, the best thing you can do is make extra payments, as often as possible, to your creditors. But, there are some other things you can do – things that are free or inexpensive – that can help. 1. Make credit card payments as soon as possible. Most credit cards charge interest based…
Category: Debt Reduction
Breaking The Addiction To Credit
Are you ready to get out of debt? Awesome. Are you still using credit cards, even while trying to pay them off? Not Awesome. Here are my thoughts about breaking and addiction to credit – Give Cash A Chance – Instead of using your credit card for everyday purchases use cash. Try the envelope system and see how you do.…
Moving Debt Is Not The Same As Paying It Off
I’ve been thinking about the following for quite same time. When I tell people that I write about debt reduction – they inevitably tell me about their latest ‘get out of debt’ plan. Usually, those plans revolve around one of the following techniques. Unfortunately, most of these people never actually manage to reduce their debts. In fact, most of them…