How to Eliminate Debt?
Problems invite resolutions.
There are ways that you can end your slavery to debt:
$ Get a debt liquidation schedule.
$ Consolidate
your debts.
$ Establish a budget and stick to it.
$ Stop unnecessary spending.
$ Develop a plan for the future.
How to avoid debt in the future.
Have a plan and implement:
- Save for emergencies.
- Save for cash purchases.
- Save for freedom.
Caution: If you have a checking account and savings
account, you should be sure to have overdraft protection – because returned
(bounced) check fees are expensive. Overdraft protection will automatically
transfer the money from your savings to your checking if you become
overdrawn.
