subject: How You Can Get Free From Stressful Debts [print this page] We all want to get out of debt, but it can prove extremely difficult at times, especially with the economy as it is at present. There are 3 hints, however, which will see your debt decrease.
First up, cut up those credit cards. This may be difficult for you if you are one of those who buys everything with your cards and rarely buy anything using cash.
Don't think that if you keep just one you will be able to manage it. It will still be a debt that will spiral despite all your good intentions, mark my words. The minute you get rid of your cards your debt stops rising, and the sooner is it will start going down.
The biggest saving you can make is on the amount of cash you spend every month on things like eating out, buying gadgets on impulse, long lunches and drinks with friends. Yes, everyone needs a social life, but not such an expensive one!
Cutting out the regularity of these will not affect your health or well being on any way, but it will affect your wealth. Try cutting out all luxuries like this for one month, then see how much you have left at the end of it. This lump could pay off a debt.
One of the biggest helps to reducing your debts is to bring in more income. A second job or extra shift will greatly help.
A second job could come in very handy if there are no extra shifts available where you are working at the minute. This lump of money will do a long way towards decreasing that debt.
Your debt will quickly decrease and sooner or later disappear completely once the credit cards are in pieces and the time you used to spend socializing is now spent working extra hours. It won't be forever and is surely worth it to be debt free.
by: Tracey Harkin
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