Debt is an ever growing problem in our society, but the problem is, once you find yourself in debt, it becomes a lot harder, sometimes even seamlessly impossible to find yourself out of debt. So if you think that you might need some help, here are a few tips to help get you started on the right track.
- Pay off your credit quickly. Credit debt can continue to add up a lot more quickly than one would think. Depending on your interest, you could be paying the debt twice over in a matter of 2-3 years. Now, the best way to do this, is to dedicate a portion of your pay check directly to this debt. Try and pay as much as you can, as fast as you can, but make sure you have enough for food and rent, and the rest should all go towards your credit debt. You don’t want the leading debt collectors in Geelong to come after you.
- Don’t spend what you don’t have. I know that cute little bracelet or those cool boots might be calling your name, but in two years time, will you still be using or wearing it? Probably not, but the debt, in which you paid for it, will last much longer than either one of those material items will ever. Simple, if you can’t afford it, don’t buy it. You might even learn how to live the simple life, and you might eve find happiness in that!
- Save at every opportunity. Saving can seem like a burden at first, but after time, you may find it to be quite enjoyable. For example, if your friends want to go out for dinner, maybe instead, you can suggest a quiet night in and maybe instead of one person cooking, you can turn it into a potluck. Or, you can always cut up your cards, that way you won’t give into temptation, and you will not use your cards, and further the debt you already have. A good way to replace cards, is to just pay with cash, that way you know how much you have for the week and you can spend it accordingly. This way, you won’t have to worry about small business debt collection services.
There are plenty of ways to help you get put of debt, but first you need to be willing to change a few things in your life. It will be hard at first, but remember, any habit takes about 30 days to stick, so give yourself time and try and make a weekly budget, but more importantly, try to stick to it!