The true secret to debt reduction is for you, the debtor, to be totally committed, absolutely 100% committed, to get rid of your debt entirely. Have you ever been absolutely obsessed about achieving something? Anything? Stop for a moment, reflect back on your life and consider a time when you were 100% obsessed.
Getting Excited About Debt Reduction
Maybe it was while you were in college, and you were obsessed with getting good grades. You attended every class, and you took copious notes. You read ahead in the syllabus and focused on your assignments with feverish intensity. You started studying early in the semester so you weren’t caught short at Finals or mid-terms. Your friends and family knew better than to expect you to slack off and hang out with them.
Maybe it was a car you were excited about. You looked up pictures of it on the Internet and read reviews about it. You read the owners’ club pages and rubbernecked every time you saw a car like it drive by while you were cruising around town in your boring old car. You sacrificed, saved, and put away all the money you needed to buy your dream car. And then came the proud day when you owned that car, and it was yours.
Get Obsessed About Debt Reduction
Debt reduction takes that kind of commitment, dedication, and, yes, obsession. You should be thinking 24/7 about how you can reduce your debt. As you step onto the bus or train to commute to work instead of driving, congratulate yourself on the money you are saving on gas and parking.
At lunch, when your co-workers spend $7 to $10 or more on sandwiches, salads, and hamburgers remove your sandwich or salad you brought from home out of your lunch bag and pat yourself on the back for reducing your debt by $50 or more per week, over $2,600 per year to be used for debt reduction!
After getting home from work, enjoy a movie….on DVD. Save up to $20 or more by watching a movie at home rather than going out to see one. Have dinner, and indulge in dessert if you wish, at home. Is there someone who can teach you how to cook if you don’t already know how? It is definitely worth asking!
Keeping Track Of Your Changes
Keep a notebook or journal of your quest for debt reduction. Write down every cent you save, so you will know that your minor efforts have been worthwhile. At the end of every week, add up your savings and write a check for the amount you have saved. Use that money to achieve your goal of debt reduction by applying that sum to your highest interest credit card.
Related posts:
- Resolve Your Debts With a Debt Consolidation Loan by Steve Braden Are you...
- Best Guide On Consolidation Loans by Grace J....
- Resolve Debts With A Low Interest Debt Consolidation Loan by Jim Michaels Debt...
- A Guide to Debt Consolidation by Joseph Then Tell me, does...
- Teach Kids to be Thrifty Spenders by William Blake Have you...
0 Responses to “Debt Reduction and The Secret of How to Get There”