The Joy of
being Debt Free-Clearing
to get out of debt is the smartest and most crucial
decision one can ever make. While you are planning to get
out of debt you first start with your credit
ask yourself how often you pay the minimum payment due
and not giving a second thought until the following
you are thinking that you are ding well, after all you
bills are settled. Have you ever thought that a only a
small portion of your payment goes towards settling the
balance you owe? A larger percentage goes towards the
your credit balance can take you even twenty years or
more to pay for a small credit card balance if you are
making small payments. If you are really concerned in
getting out of debt, all you are required to do is to
focus on paying off those credit cards in
off any of your debts by the snowball method is a great
step to leading a healthy life free from debts. The term
snowball was derived from the snowball rolling down a
mountain and in the process it is gathering snow as it
gathers momentum, and by the same way your bills become
paid in full by first starting with small payments and
then moving to larger ones.
Paying your bills is something that may
seem difficult but it is really quite easy.
The first step you have to take is to sit down and list all
your bills and start with the smallest balance and then move
to the largest ones.
Now you have to decide on the amount you are most
likely to afford each month as you settle your debts.
Each and every month you must repeat this progress of
making small payments on your debt. Once you have paid
the smaller bills in full , you then start working on
making payments on the larger bills .
This method of getting out of debt is painless but does take
discipline and motivation.
Help yourself to make the progress easier by cutting up your
credit and store cards.