How You Can Wipe Your Debts Away
Debt is everywhere you look and if you watch TV or look around your town businesses are closing everyday. Most people could eliminate or completely remove their debt if they would just stop and look at what they are doing.
Do you have savings that is just sitting there, not drawing any interest for an emergency fund? If you are on the right track with a financial plan with goals set, both short and long term, you would have an emergency savings account. If you don’t have an emergency fund, don’t start one yet. First you get rid of debt by eliminating all the high interest balances. That will save you a lot. I just had to use a credit card for plane tickets to get my nephews home after a child custody battle. That particular credit card has outrageous interest, I have savings to pay it off. I would much rather use savings to pay that debt than accrue the interest on the credit card.
Unless you are living under a rock you know it is a fact that millions of Americans are suffering due to loss of jobs and the difficulty of finding new ones. The future is a still not looking great and nothing seems to be sure as of the moment. The economy can get worse, but everyone is doing their best to turn things to the better. Since you cannot leave things to chance, make sure you don’t buy things you don’t need. Have a garage sale, pay off you bills with proceeds from that.
Pay Off Your Debt – Get creative and buckle down.
Debt can eat at you day and night, causing you problems within your marriage or relationship. It can cause so much strain on you mentally that you end up snapping at everyone around you, without even realizing just how severe this problem is and how important it will be for you to find answers that will provide you with the relief that you truly need. If you can get out of debt yourself asking for professional help is your best answer, no matter how much of an ego you have or how much pride you have, nobody is too good to ask for financial assistance when it is definitely needed.
Tags: garage sale, personal finance, town businesses, emergency fund