How To Really Get Out Of Debt

Stop using your credit card and debit cards—now! Get yourself on a cash only basis. I can’t stress enough how important this is. This is the key to keeping your budget! If you are paying off different credit cards, pay off the ones with the highest balances first. Save your student loans for last. If you are not able to pay off more than the minimum balance on your credit cards and are truly in over your head, you might need to work with a debt consolidator. There are many unethical ones out there, so visit the National Foundation for Credit Counseling www.nfcc.org. They are a government agency that can recommend one in your area.

Finally, enlist a friend or family member for support during this debt repayment time. Having their moral support will really help you towards being debt-free in no time!

(Copyright Down-to-Earth Finance LLC 2006)