Friday, December 16, 2011

Eliminating Debt in Today's Society-Lawyer or You

Today I have a different kind of post for you. I often write about how I like to save money and use coupons and all. But today I have one about eliminating debt. Below I have given some of my tips for this. I have never been in debt and it is not from just going through life with a carefree attitude. These tips have helped me a lot and I hope they will help some of you.

1.Pay Bills On Time.
I don't have many bills. I try to shy away from having a credit card or anything that I have to pay on. But there are the normal house bills, electric, garbage, cell phone, etc. One thing I have learned is to pay these on time so you don't get stuck with any late fees.

2.Save What You Can.
I am a big stickler about saving. Even if I don't think I have the money, I will put some away in my bank or my savings fund. What happens if you lose your job a couple months from now? Or you have a big emergency that takes a lot of money? It always helps to get ahead and be prepared for this type of thing. One thing I like to do is for one month, write down everything I buy that I don't absolutely need. Whether it is a coffee, snack, nail polish, book, etc. Then the next month I will take that money and put it away in the fund. Do you know how much we spend on little things that we don't need? It is amazing what we can put away if we stick to a budget!!

3.Hold Off on Big Buys.
Whether you are newly married and wanting to buy a house, or a teenager who wants a new car, hold off on this until you can pay for it with cash. One you get a better price with cash, and two, you don't have the interest that will get added to your payments. It is so much nicer to go in and pay for something in cash, no monthly payments and a really low price:)

These are just some of my tips that I try to live by. If you are in debt now, stick to the rules of a budget and only spending so much a month. Then pay off your bills one at a time. Start with a small bill and then work on a bigger bill. That way you feel the thrill of accomplishment:) If you need to, get the help of a lawyer, but try to get it taken care of as soon as possible.


This post was sponsored by Bucks2Blog and a company that can help you find an attorney in
Louisiana
. However, the views and opinions are my own.

2 comments:

Cozy in Texas said...

Good post. When I was out of work a few years ago I regretted having an annual contract for my phone and cable. Once it was up, I bought a pay as you go phone and have since got a month to month contract on cable and paid off my car. I pay off my credit card monthly. It relieved a lot of stress and was worth going without for a while to get everything paid off.
Ann

Maryann said...

Thanks for the great advice that everyone should really try to do. I do not like to be in debt either and try to pay my charges off each month so they don't keep getting larger. I agree with Save What You Can, you really never know when you will need that money saved for emergencies.

twinkle at optonline dot net

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