Be Debt-Free
A few people come to mind: Donald Trump and every celebrity.
But for us normal people, we could use some extra cash each month.
What this really amounts to is getting out of debt and freeing up that money to be used differently.
Personally, I've figured that I would have about $600 extra a month once I pay off my debts.
That is $600 that doesn't have to go anywhere.
I can put it in savings, or just go spend it.
That is a lot of money floating around.
Go ahead; do the math.
How much extra money could you have once you paid off your debt? I bet it is quite a bit.
Here are a few ideas on how to get out of debt sooner so you can have more money and financial freedom can finally be yours.
oCut Back: I know this one is pretty common.
But honestly, it works.
Cut out all the things that are unnecessary in your life.
Or just downgrade on services.
I.
E.
: cable, phone, internet, gym membership-get to the bare bones.
And once you get the rest of your debts paid off, you can upgrade and live the way you did before-with a better peace of mind.
oBuy Off Brands: I know that some people are brand snobs, but this can save you a fantastic amount of money each month that can be put toward paying off your debts.
In most cases, the off brands taste and work exactly the same as the higher priced ones.
oFocus: When you focus the bulk of your payments on one credit card, it will obviously get paid off quicker.
Once it is paid off, you can use what you normally would have paid on that card on your other cards.
It just trickles down and pays off your debt just that much quicker.
oOdd Jobs: When you do odd jobs, use this money toward your debts.
You'll be surprised at how fast your debts will disappear.
oPay Off That Mortgage: This is one of the most burdensome debts a person can have because of the high loan amount, the length of the loan, and what could happen if it isn't paid on time.
But there are new ways to pay off your mortgage even quicker.
A money merge account from U1st helps you use every single penny that is just sitting in your bank account to go towards your mortgage.
It can dramatically reduce the length of your loan.
oStay Positive: A positive attitude can greatly aid you on your journey to a debt-free life.
Just keep your goals in mind and how you will achieve them.
Some of these ideas may seem trivial, but they add up fast.
The faster you can pay off your debt, the quicker you will have a debt-free life.