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How Anyone Can Get Out Of Debt

paying off debt once and for all

On Monday, we talked about how people, even smart ones, can get into debt. Getting into debt is easy and sometimes even fun, but there is always a price to pay. I don’t know about you, but I love having choices. Debt robs any choice besides having to make a payment. If you really want to start living the life you were meant to have, it’s time to get out of debt once and for all. The good news is that by following some simple steps, anyone can get out of debt. ¬†Accept Responsibility For Your Debt Now when I say simple, that doesn’t always equate to easy. It’s simple to lose weight by burning more calories than you consume, but how many people struggle with that one? I believe the first step in getting out of debt is to let go of the reasons that landed you here so that you can move forward. It doesn’t matter if your debt came from bad decisions, taking out too many student loans, not getting or keeping the job you wanted, or even from having medical bills. Once the balance is on your credit report, it’s all debt and your responsibility. Debt ...

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Tips For Living Within Your Means…Painlessly!

This post is from Jerry Coffey at Repaid.org. Enjoy! Living within the confines of your income is the best way to keep yourself out of debt, or at least hold your debt to a manageable level. Now that I have written that down, everyone will magically be living within their means in the morning, right? Maybe in cloud cuckoo land. Here are a few tips that may help you find a way to live within your income and begin repaying some of your debt. Where Does It All Go? In order to live within your income, you have to know how much you make and what all of your expenses are. A good place to start is to know what all of your fixed expenses are. Fixed expenses are items that you cannot change immediately. Little nagging expenditures like rent/mortgage, car payments, etc. Subtract that amount from your income and you will know how much you have available to commit to your variable and discretionary expenses or pay down debt. Become a Tracker Not of wild game, but of your expenditures. This is the first step in forming an effective budget. We all have areas where we spend money them ...

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