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How to Get Rid of Debts?

If you are trying to get rid of debts, the steps below may prove to be useful to you. They are the result of my friends’ life experience. At some point we have all been buried in debts. It is high time you got rid of all of them.

 

What to do when deciding to get rid of debts: 

  1. No not accumulate any more debt – you should not adding more debt to the one you already have.
  2. Lose you credit cards – you have to stop using and eventually closing your credit cards accounts. This way you are not even temped to add more debt.
  3. Be positive – stop believing you will always be buried in debts. If you change your attitude, it is very likely you will get out of debt.
  4. Don’t think about buying new stuff – stop going online for impulsive shopping. If you really want to be debt free, you simply have to stay busy and not spend so much money which you do not even have.
  5. Don’t buy the most expensive things – I’m sure you’ll be just fine if you do not buy the most expensive clothes or if you give up your subscription to newspapers you do not even read.
  6. Make more money – you will get rid of debts even faster if you can come up with a new source of money. Maybe you can get another job additional to the one you have. A part time job could solve some of your problems.
  7. Work more – you can get some extra money at your current job. Stay over time; pick up tasks with higher commission. Apply for a promotion; ask for new tasks which will provide you with extra money. And if they do not bring you more money, at least your boss will see you’re willing to work more, and the promotion will be closer to you.
  8. Pay bills on time – avoid paying unnecessary fees when possible. For example, if you pay your bills on time, you avoid paying for being late with the original payment you should have made.
  9. Move to a cheaper house. If you pay rent, try moving to somewhere else where is cheaper. This way you can save up a lot of money. Just make sure the place where you decide to move is cheaper from all points of view. For example, make sure you do not pay more on transportation.
  10. Pay more! Try paying more for your debt than the minimum amount required. This way you will be out of debt sooner.

Hope this was useful to you. I sure found it useful when I was trying to get rid of debts.

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