Last week, we discussed eight
ways
to build a budget. One of these was eliminating debt, which quite honestly,
deserves a post of its own. Debt can be all-consuming, but it doesn’t need to
be. While it is easy to fall into and much harder to get out of, becoming
debt-free is not unattainable! Millions of people have done it; but it will
take dedication and the ability to see the bigger picture, beyond a sea of
minimum payments.
With all of this in mind, debt-free living requires a
plan. It is not an overnight decision, but a collection of weeks, months, and sometimes years of choosing to eliminate debt.
We suggest beginning by listing out your debts.
Putting pen to paper will allow you to see exactly what you are dealing with,
and how you can start eliminating payments. Once you can visualize exactly what
you’re working with, the next steps will seem easier to take on.
