With today's economy reeling from the high prices of gasoline, food and everything else, it can be a little hard to free yourself from debt but, it can be accomplished. Is living debt free possible? So many people in today's society struggle with overwhelming amounts of debt. Our society has become one obsessed with more. More everything. Living free from debt is certainly a goal for most, but is it possible? |
To discuss on this, for the purposes of this article, I am not going to consider mortgages. Although it is a dream of mine personally to pay off my house and enjoy living without a mortgage, at this point in my life, it's not going to happen. At least not for at least 10-15 more years. So what I will be discussing in this article is becoming credit card debt free.
It sounds simple. If you cannot pay for it, do not buy it. That's how our parents lived as did their parents. And the advice to pay more than the minimum payments is great advice. But for some, making even the minimum payments is a struggle. How to pay more? I remember a friend of mine in college who got in over her head with credit card debt. She would use the availability of cash advances on her credit cards to make the payment. Or use one card to make the payment on the others.
It is truly irresponsible to give students in college who are adjusting to life without the supervision of their parents, credit cards. Those who have little to know experience with credit coupled with full-time schooling and perhaps part-time jobs have no business with credit cards. Speaking from experience. And difficult to get out. Being in effects every aspect of your life. If you are overwhelmed with debt, there is little else you can think of.
How to do it? As I struggle with debt myself, I have to ask myself. Is there a way out? Certainly not as easy one. If it comes right down to it, what is said most often, in this case, is most true? If you cannot pay for it, do not buy it. Just take a deep breath and decide you do not want to live your life this way anymore.
Debt free living is possible, but not easy. It takes hard work and determination. It is a goal of mine and I believe should be a goal of everyone. When I send in that last payment on that last credit card - I will have the best night’s sleep EVER. And that day will come. I will experience living free from debts before I am too old to enjoy it. We all should. Living free from debts should be the goal of everyone. Or at least not getting into debt, to begin with.
One of the basic steps in reducing your debt is to take all your credit card bills, personal loans etc., write them down from smallest to largest and attack the smallest one first with a vengeance. Then, when that one is paid off, you take those savings and use it towards the other one. Until you complete the cycle. There is a pain factor involved in learning how to get free, but if you are truly passionate about it, you can do it.for more information visit www.debtfreeplace.com
Related Articles -
how to live a debt free life, be debt free, debt free, living without debt,