Reducing Debt

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Right off the bat I have to admit that this article isn't really about 'How To Reduce Debt', though reducing debt is definitely something you'll need to do in order to live a debt free life, obviously. But before we go into that I want to encourage you to think about your current financial situation and your attitude towards money, debt and reducing debt. Seriously, put some thought into this, especially into reducing debt.

Remember - Reduce Debt

Do you see yourself as being wealthy and on top of things financially, or as always a bit behind, and that's just how it is. Do you accept the fact that you're always going to be paying off something on time payment, whether it's credit cards, store cards, car payments or a mortgage. If you do …show more content…

Now I could understand if you're thinking that's a really stupid thing to say, after all, who wouldn't want to reduce their debts down to zero and live a debt free life. Well, we may all want to do that, but it's bit like trying to lose a few kilograms, you can see in your mind how you're going to look with that 10k gone, and you really want it, but are you prepared to give up a few things to get it. That's the real question when it comes to debt reduction and debt free living. It's all about giving up the habit of instant gratification and developing new habits.

Reduce Your Debt and Sleep Well

So are you serious about reducing your debt and then killing it off entirely? Remember in order to get to the wonderful state of being debt free there are some things you'll need to give up and some things you'll need to do, but before you make that decision here are some things to think about.

* Does living with a huge burden of debt make for a happy and abundant life.

* Is a life without borrowing and credit cards possible for anyone, the answer is yes!

* Is an abundant and happy life without borrowing and credit cards possible for anyone, the answer is …show more content…

* Did you know that a $2000 purchase on your credit card will end up costing you over $10,000 if you only ever pay the minimum payment.

* If someone asked you, could you tell them your current financial position. You know, what comes in, what goes out and how much you have left over at the end of every month, or do you just wing it?

* Are you going through life in a vague kind of way just taking it as it comes, or do you have a plan in place so that you don't need to get the begging bowl out later on.

* Do you, right now, feel relaxed and confident that if a financial crisis arose, such as a huge unexpected expense, or the loss of a job, that you'd cope?

Reduce Debt or Live With Debt?

You need to start somewhere and the place to start is deciding the type of life you want. Is it one loaded down with debt, or is it one where you've taken steps to reduce your debts, and then paid them off entirely, and most importantly, haven't added any new debts.

A Life Of Debt or Reduce Debt -

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