Over the past few months, I’ve written several posts about debt payment (aka debt reduction). I thought that it might be helpful if I gathered them all in one place and put them in some kind of logical order. For those of you who are new to my blog, welcome! I’m glad that you’ve stopped by. Without further ado, here’s…
Category: Debt Reduction
Avoid 10 Common Debt Reduction Mistakes
If you want to get out of debt (and stay out of debt) pay close attention to the following: 1. Try not to tackle every debt at one time. Focus on a specific debt or debt category, and put all of your energy and extra income towards paying off that particular debt. (Of course, always pay your minimums!) Don’t be…
Make Multiple Debt Payments Every Month
Here’s a quick tip that will help you get out of debt or increase your savings without worrying if you will have enough money to last until your next paycheck. Instead of sending ALL of your extra debt payment at one time, send multiple debt payments throughout the month. I used this technique when I was getting out of debt,…