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
Latest News
Group advocates tax increases and non-user fees for sewer debt relief The Birmingham News - al.com, AL - At a morning press conference, the group put forward "the people's plan," an 11-point proposal for dealing with the debt. The activists, including a ... |
Staying On Track with Your Debt Relief Plan 3x24 - Your Newspaper and News Magazine, Germany - All these things, however, pale in comparison with the importance of sticking to and staying focused on your debt relief plan. Sticking with a debt relief ... Settling Credit Card Debt: Choosing the Right Words 4 Simple Steps To Getting Rid Of Credit Card Debt |
Fitch Rates Marble Falls, Texas' COs 'A-' MarketWatch - Both direct and overall debt levels have climbed with recent debt offerings and now are above average. Property taxpayers receive some relief from the fact ... |
All you need to know about online bankruptcy Thrifty Scot (press release), UK - A recent report confirmed that as of next year a new form of filing for bankruptcy online would be introduced, and this will be known as a Debt Relief Order ... |
It's unfair to give lawyers debt relief Chicago Daily Herald, IL - 22), comments that they should not be consigned to lives of crippling debt for that choice. If they entered private practice, they would still have a debt. ... |
Go Debt Relief, Now a Member Lexington Chamber of Commerce PR.com (press release), NY - A slumping economy has more and more consumers looking for help with their credit card debt. Go Debt Relief is assisting people struggling with their high ... |
Use Credit Card Relief to Stay out of Bankruptcy 3x24 - Your Newspaper and News Magazine, Germany - For credit card debt relief, the first things you should try are very simple and easy to do yourself. Firstly, set a budget for yourself, and track how much ... |
Basic advice on destroying debt Corsavoo.com, France - Debt consolidation services were setup to provide consumers the much-needed relief from harassing creditors. These services will charge nominal fees for ... |
Mozambique: Mozambican government negotiates foreign debt relief ... Macauhub, Macau - Maputo, Mozambique, 19 Aug – The Mozambican government is negotiating with Libya and Bulgaria the relief of its debt to those non Paris Club countries ... |
Farm debt waiver: PSBs seek interest Hindu Business Line, India - Public sector banks (PSBs) have placed a new claim on the Central Government for their successful implementation of the farm debt waiver and debt relief ... `Centre’s wrong policies destroying farm sector’ |
Resources
-
Sorry there are no resources available at this time