Get Out of Debit Quickly - A Step By Step Process

Get Out of Debit Faster With a Step By Step Plan - Do you think following any of the steps below will make you uncomfortable? GOOD. It should. Get over it. Get through it and begin to enjoy life for the first time in a very long time. Consider the alternative. You get paid on Friday and by Wednesday its all gone and there's a heap of bills to pay, and you still need to feed the kids and pay for transportation to work. You do this week after week, year after year, decade after decade. It makes you feel extremely uncomfortable, and causes extreme stress on your family and relationships.

1.) Cut your credit card and establish budget:
a.) Cut them, burn them, melt them, lock them up in a safe deposit box.
b.) Live on a cash bases.
c.) Keep a daily log of everything you spend money on.
1.) Categorize expense benchmarks to the following percentages:
a.) 10% Savings
b.) 15% Transportation
c.) 15% Debit
e.) 25% Life
f.) 35% Housing

2.) Reduce your interest rates:
a.) Call each of your credit card companies.
b.) Negotiate lower interest rates.
c.) If the first employee says "no," ask to speak with the supervisor, or a persons with the authority to change your rate.

3.) Bring more cash into the house:
a.) Feed and walk a neighbors dog
b.) Baby-sit
c.) Offer to paint someone's the inside of someone's garage or seal cinder block basement walls, shovel snow, tooter, take surveys, etc. Please comment with more ideas to make extra money.

4.) Prioritize your life. Ask your self some tough questions. Are you spending much of your money on college student loans for the children? How long do they have to pay that loan off? How long do you have to live? Have they searched high and low for every available scholarship? Have they applied for as many as possible? Are you trying to pay off their loans, while your credit drops lower and lower, and your debit gets larger and larger? "Tough Luv" may dictate that you discontinue (possibly for 1 to 2 years) paying on their loans, and redirect those payments towards eliminating your own debit sooner. Put together a 20 month plan, cut all spending that is NOT critical. Don't forget to set small reachable goals and reward yourself in some way. Let's face it, we all need to have some fun.