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The First Step To Getting Out Of Debt: Make The Commitment!
These days, getting into debt is easy.
Unfortunately, getting out of debt is not so simple for most people. But you can do, if you go about it the right way.
The first - and by far the most important step ? to getting out of debt is to MAKE A COMMITMENT!
Personally, I spent years telling myself how much I wanted to get out of debt. But then something would always happen - a big expense, a change of jobs, you name it.
And even though I really wanted to get out of debt, I never made any real progress. Then one day I finally got so frustrated I said to myself:
"It's now time to do WHATEVER IT TAKES to get myself completely out of debt!"
And for the first time since I got myself into debt (by maxing out all of my credit cards trying to start a business) I finally figured out the true "secret" to getting out of debt: making the commitment!
So, if you haven't already made a commitment of your own, do it right now. Decide you're going to do WHATEVER IT TAKES to get yourself out of debt...and start doing it!
How long will it take you to get out of debt? If you're like most people (including myself not long ago), too long!
How To Take Action
Once you make this commitment, it's time to take action.
Write down exactly how you plan on getting out of debt. Here are some questions to ask yourself while developing your plan:
- How can you save money each month?
- What expenses can you eliminate?
- How much more money can you use to pay off your credit card bills faster?
- How can you make some extra money?
- Have you contacted your creditors to request a lower interest rate?
- How can you change your spending habits?
- Have you considered professional help ? credit counseling, debt negotiation, bankruptcy ? to find out all of your options?
- Are you really committed to getting out of debt?
- When do you want to be completely debt free?
It's a great feeling being completely free of credit card debt. But it won't start happening until YOU decide to make it happen!
Kris Bickell is the owner of Debt-Tips.com, a helpful site for consumers struggling with credit card debt. For tips on getting out of debt, repairing your credit, saving money, and making extra money online, visit: http://www.Debt-Tips.com, or sign up for the free "Get Out Of Debt Faster" email course at: http://www.Debt-Tips.com/course.html.
© 2005 Debt-Tips.com
Ghana Dot, Ghana - Jul 7, 2008
Further, the Jubilee Act recognizes and works to end the unsustainable ‘lend and forgive cycle’ that has brought on the need for debt relief. ...
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In Sikandrabad one farmer could not quite believe that the pink slip he had been given released him from 25000 rupees of debt. But others did not get the ...
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Himachal government urges to Centre to look into debt relief ... myHimachal
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We have some aid, but not enough, some debt relief but not enough and virtually nothing on trade. Once again Africa's people have been short-changed. ...
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... audit will be crucial,'' Salgado, a 55-year-old economist who studied in Mexico and France, told reporters today after an event on debt relief in Quito. ...
Business Standard, India - Jul 3, 2008
... has sought removal of numerous anomalies in the Union government's debt relief scheme so that majority of farmers of the hill state could be benefitted. ...
GulfNews
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The bank said it is confident of completing the total process of handing over debt waiver and debt relief certificates to the eligible farmers latest by ...
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Loans were approved for countries that already qualified for debt relief under the Heavily Indebted Poor Country (HIPC) Initiative. ...
Gulf Daily News, Bahrain - Jul 6, 2008
ABU DHABI: The UAE yesterday waived Iraq's debt of nearly seven billion dollars and named an envoy to Baghdad, in a twin boost timed with a visit by Iraq's ...
Caribbean360.com, Barbados - Jul 4, 2008
They do not have the instruments available to them to give debt-relief to middle-income countries," he said at the 29th Heads of Government Summit in ...
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