Stress is usually caused by strenuous office work, home problems, and emotional difficulties.
But do you know that stress can also be brought about by the fact that your debts are piling up higher and higher each day? Living a debt-free life also means a stress free one so if you are looking at how you can reduce the stress in your life, maybe the first way to do this is to live debt free.
So how do you do that? Here are ingenious tips that would make you say, "Why didn't I do that?" or worse, "I know these things but I just don't do them!" Cut up those cards Credit cards, the things people fondly call, "plastic money" are some of the biggest reasons so many people are deep in debt today.
There is something about this plastic money that makes people lose their sense of control.
It is almost as if they have won a free shopping spree or that they think that the bills they incur would magically disappear the next day.
Using a cash-basis payment is always better.
Another great alternative would be to use a debit card.
With debit cards, debt won't pile up because you only get to spend the money that is in your bank.
Stash some cash Instead of keeping a credit card for "emergency purposes," keep a stash of cash in a hiding place in your home that you can access when an urgent need arises.
You say you are only going to use the card for emergency purposes but the truth is, you are always tempted to reach out to it every time you want to buy something that is out of your budget.
Unfortunately, you give in to these temptations more often than not.
Stop keeping up with the Joneses Living within your means is another way to keep yourself debt free.
When you try to keep up with the Joneses all the time, expenses would blow out of proportion.
Lowering your standard of living according to what you earn would reduce monthly expenses significantly.
This may require tough choices but in the end all your efforts would be worth it.
Budget, budget, and did we say, budget? Assess your current financial situation.
Know how much is coming in.
Determine the necessary expenditures and allot money for these.
Use the traditional envelop system to help you budget efficiently.
This would make it easier for you to save.
The key here is to earn more, save more, spend less.
Say extra income is always welcome! Speaking of earn more, doing extra work, getting a second job or working overtime would result in a bigger paycheck and would make it easier for you to avoid debts and enable you to live comfortably.
Combine small debts into one big debt If you are already deep in debt, you can consider loans for debt consolidation that are widely available in the online market.
Debt consolidation loans, bad credit are some of the things you have to study about so you can end up with an informed decision.
Living debt free does not mean you don't get to enjoy life's pleasures.
With the right attitude, strong willpower and financial savvy skills, you can be on your way to living a life free of debt and stress.
But do you know that stress can also be brought about by the fact that your debts are piling up higher and higher each day? Living a debt-free life also means a stress free one so if you are looking at how you can reduce the stress in your life, maybe the first way to do this is to live debt free.
So how do you do that? Here are ingenious tips that would make you say, "Why didn't I do that?" or worse, "I know these things but I just don't do them!" Cut up those cards Credit cards, the things people fondly call, "plastic money" are some of the biggest reasons so many people are deep in debt today.
There is something about this plastic money that makes people lose their sense of control.
It is almost as if they have won a free shopping spree or that they think that the bills they incur would magically disappear the next day.
Using a cash-basis payment is always better.
Another great alternative would be to use a debit card.
With debit cards, debt won't pile up because you only get to spend the money that is in your bank.
Stash some cash Instead of keeping a credit card for "emergency purposes," keep a stash of cash in a hiding place in your home that you can access when an urgent need arises.
You say you are only going to use the card for emergency purposes but the truth is, you are always tempted to reach out to it every time you want to buy something that is out of your budget.
Unfortunately, you give in to these temptations more often than not.
Stop keeping up with the Joneses Living within your means is another way to keep yourself debt free.
When you try to keep up with the Joneses all the time, expenses would blow out of proportion.
Lowering your standard of living according to what you earn would reduce monthly expenses significantly.
This may require tough choices but in the end all your efforts would be worth it.
Budget, budget, and did we say, budget? Assess your current financial situation.
Know how much is coming in.
Determine the necessary expenditures and allot money for these.
Use the traditional envelop system to help you budget efficiently.
This would make it easier for you to save.
The key here is to earn more, save more, spend less.
Say extra income is always welcome! Speaking of earn more, doing extra work, getting a second job or working overtime would result in a bigger paycheck and would make it easier for you to avoid debts and enable you to live comfortably.
Combine small debts into one big debt If you are already deep in debt, you can consider loans for debt consolidation that are widely available in the online market.
Debt consolidation loans, bad credit are some of the things you have to study about so you can end up with an informed decision.
Living debt free does not mean you don't get to enjoy life's pleasures.
With the right attitude, strong willpower and financial savvy skills, you can be on your way to living a life free of debt and stress.