How To Eliminate Your Debts by Getting Rid of These 7 Obstacles

Thanks to the guys at www.mygoals.com for the following info on how to get rid of your debt.

Obstacle 1: I don't know how much debt I have.
Task: Create a chart (or spreadsheet) listing all creditors and current debt

Task: Determine which debts need to be paid off

Task: Determine interest rates for each creditor on the chart

Obstacle 2: I don't know how much I'm making in payments.
Task: Determine minimum payment amount for each debt on the chart

Task: Record the amount paid to each creditor last month (or previous payment)

Obstacle 3: I'm overwhelmed by the number of creditors and the amount of debt.
Task: Use credit counseling and a debt consolidation service

Obstacle 4: I can't afford to increase my current payments.
Task: Review your current household budget

Task: Prioritize your current household budget

Task: Find ways to increase your current income

Obstacle 5: I need to reduce expenses.
Task: Commit to reducing utility expenses

Task: Reduce your grocery spending

Task: Use grocery coupons

Task: Shop at a wholesale warehouse club

Task: Control spending by avoiding impulse items

Obstacle 6: I need to limit my credit card usage.
Task: Carry only one major credit card with you and use it only for emergencies

Task: Disallow use of all other credit cards

Obstacle 7: I need help staying motivated.
Task: Track monthly payments and debt reduction on your chart

Task: Create easy "wins" for yourself while paying off debt

Task: Establish a reward for paying off your debt

This is a great start towards getting you on the right track. For more info on how to get all of this accomplished for you in a turn key fashion, and, cut the time to pay off all your debt in 2/3'rds the time, give us a call at 305-534-7988.