Paying More Than the Minimum PaymentMaking only the minimum payment on your debt not only lengthens the time it will take to pay off but it also ensures that you pay more interest. Why give them more of you money than necessary.
Budget for Paying Off DebtFor all income that comes in, no matter how small, pay off the debt with 50%, and live off the rest. This works wonderfully and is wise. Our debt is going down, and one day, God willing, it will be paid off.
50 - 30 - 20 Spending PlanI recently read in a magazine a plan to get your finances back in line and to save money at the same time. It is called the 50, 30, 20 plan.
Debtors Anonymous For Financial HelpI just found a great financial resource. We all have issues around money, and a place to take those issues is Debtors Anonymous (or DA for short).
Keep Getting The Paper StatementsKeep Getting The Paper Statements. Online bill pay is a good idea. But it is also a good idea to keep getting the paper statements too. You can do one of two things with them. Watch the balances disappear as you pay them on time.
Debt Consolidation WarningDebt consolidation can offer a great opportunity for people that have amassed large amounts of credit card debt at unfavorable interest rates. You can get lower, more manageable monthly payments and reduce the number of bills you have to pay each month.
Inspiring Yourself To Pay Off DebtIdeas and tips to help you stay motivated and inspired to pay off debt. Post your ideas.
Tips for Staying out of DebtMy way of not going too far into debt has always been the same: I don't spend more money than I have. I do use credit cards but never charge more than I have in my savings account...