When you first came to this page you’re probably waiting to go to the next one. Learning How to Get Rid of Debt is a popular topic and there are all kinds of information on the Internet that tells you different steps to take. The only problem is most of them basically telling you the same thing. You know, consolidate your bills, talk with creditors, and blah blah blah.
However, the main thing they don’t teach you are the common sense rules. Often times families overlook the easiest areas where they can teach themselves How to Get Rid of Debt without spending hundreds of dollars letting someone else do it for them. So instead of giving you information on things you already know, let’s look at the areas that most people don’t even acknowledge.
One of the first places you should start is by assessing all your bills. It doesn’t matter if you owe creditors thousands of bucks or your neighbor $50, it all needs to be out in the open. Did you know that if you repay your friends and family, they’re more likely to loan you money again? This can be a huge benefit in the beginning, so don’t be afraid to put them at the top of the list.
Next you need to quit being the gambler. I don’t mean you spend all your time gambling your money away, but I’m talking about the mindset that is very similar. Many times when families take on so much debt, they just figure that eventually they’ll come across all kinds of money and can learn How to Get Rid of Debt the easy way. It’s almost like a “state of addiction” and if you can’t focus your energy a different way you’ll stay in the same rut the rest of your life. So quit dreaming and start taking action.
Another area that is often overlooked is saving money. Did you know if you save $10 a day you’ll accumulate $3,650 a year? Yep, I did the math for you, but take a look at your debt right now. How much debt can this amount of money get rid of for you? Unfortunately most people do think this way, but never put anything into action to make it happen.
See, learning How to Get Rid of Debt takes more than just getting rid of credit cards, keeping up with reports, and all the normal stuff you do. In the end it all comes back to you and how you deal with the situation. If you can have the right mindset from the get go and still do all the normal things, your chances of getting rid of it once and for all will be much higher.
Maybe check out “Forgotten Laws” a guide to getting your financial mindset on the right path!