Start Killing Your Debt With These Simple Tips
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We’ve all heard the numbers about debt and they’re not pretty. Debt is prevalent in our society – almost to the point that it seems like a rite of passage for many. That was the case for me. Shortly after graduating college, I found myself in $45,000 in debt. Truth be told, I didn’t find myself in debt, rather looked back and saw how my poor decisions led to that mountain of debt. There was no excuse that would cover it; I was the one who got into this situation and needed to accept responsibility and begin the long march to killing my debt once and for all.
As I speak with readers, friends and family members now, there is one common thread I see – not knowing where to start when it comes to attacking debt. Many know they need and should start paying it off yet they simply don’t know where to begin or how to gain momentum. I know that feeling all too well as when I finally faced the facts I didn’t know where to start. In fact, it was a credit counselor who introduced me to the basics of budgeting, tracking my spending, etc. and really just challenged my view of spending. It was her wisdom that began my journey to financial literacy and is the foundation of how I live my financial life today. If you’re just getting started it may be worth it to become familiarized with all of your options, such as the possibility of levying the equity in your home. It’s important to become familiarized with Home Equity Loans.
With the new year soon approaching we’ll hear many say they have a financial goal – often times revolving around paying off debt. If you’re looking to start killing your debt in the next year let me encourage you with this one thing…it CAN be done! I know it might seem overwhelming or impossible but you can do it. If you need some encouragement towards that end, I’ve interviewed my good blogging friend, Travis, from Enemy of Debt to share insight on what’s needed to start killing your debt now.
If you’re interested in seeing simple, yet effective, tips to start killing debt in the next year, read my latest article over at Daily Finance.
Photo courtesy of: Manoftaste