If you are in debt and want to be free it’s necessary to commit to doing what it takes to climb out. Once you make the commitment focus on what you can do. Keep your focus on what you can pay off and not the debt itself. And refuse to waver.
Spend less. Absolutely no spending on anything that isn’t a necessity. What excess can you eliminate? Eating in restaurants will take a chunk out of your budget. Don’t do it.
Perform Plastic Surgery. Dave Ramsey has his students cut up their credit cards. Don’t fool yourself into believing you need them for emergencies. This is one! Don’t cancel them if effects your credit score.
Keep your receipts. Save all receipts and transfer the totals to a spread sheet. You’ll see exactly where you spend your money. It keeps you out of denial.
Reduce temptation. Stop looking at fashion magazines. Stay out of the mall and keep your credit card away from your computer. Trade resources with your blogging buddies.
Live with less. Change the way you spend. There is more to life than a collecting obsession. Use things until they are worn out. Clean out and clear out your home and garage. Keep it simple.
What can you do to earn more money?What are your gifts and talents? Pick up odd jobs. Can you clean, free lance, or repair things? Have a garage sale or get a part time job. Brainstorm what you have to offer others and then figure out a way to get paid for it. Sell your valuables on EBay. All money goes towards your debt.
Take a stay-cation. A vacation without traveling will save you money. Find places to swim, hike and bike. Picnic in your own backyard. Make it exciting. Invite friends and neighbors for a pot luck. When you return to work you will feel unburdened and care free.
Recognize your success. Celebrate your progress. Do something special as you reach your goals. Living with less doesn’t mean deprivation. It means being in control and smart choices. There are numerous rewards that don’t cost money.
Support groups. Join Debtors Anonymous. Find like minded people who are doing something about their problems. You’ll feel less alone.
Change your thoughts. Shift your perception on the meaning of wealth. Give up the need for popularity, status and prestige. Focus on personal growth, family, friends and community.
Never give up. Again refuse to focus on what you owe. Focus on what you can payoff and what you have paid off. Give yourself credit and continue taking baby steps.
Getting out of debt means you’ll be rich in time. You won’t spend your free time having to clean, care for and dispose of unnecessary things.
Remember how blessed you are.We forget people are willing to climb walls and swim rivers to sneak into our country. (I read that line on another blog but don’t remember where.) I found this powerful because years ago I saw people swim the Rio Grande. It had a profound effect on me.
Never, never, never, never, never give up. -Winston Churchill
Do you have any methods to share on how to get out of debt?
In what ways have you been frugal in the past?