Finance & Investment, How To Solve Severe Debt Problems
If you are having severe debt problems, there are steps you can take to improve your situation. The first step in solving your problem is to examine your expenses. Look at every expense with a fine toothed comb. Only keep expenses that are absolutely necessary. Examples of necessary expenses are: Mortgage or rent Utilities (heat, water, electricity) Telephone Food Doctors and medication Transportation expenses Debt maintenance charges Court imposed expenses The second part of this equation is to eliminate all expenses that are not absolutely necessary. Examples of unnecessary expenses are: Television (cable or satellite) Shopping trips of any kind Restaurant food Entertainment expenses
Of course, these lists are not all inclusive, but you get the idea.
Another area where you can make substantial cuts is at the grocery store. Buy generic and store brands instead of the more expensive name brands. Eliminate soda from your food budget, drink tap water instead. Use coupons and shop at stores that pay double or triple on them. Always shop with a written shopping list and stick to it religiously. If an item is not on your list, do not put it into your cart.
Using the techniques above can easily shave 20 or even 30 percent off you monthly budget. Apply the money you saved to paying extra on your credit cards. If you only pay the minimum, it could take you 15 to 20 years to pay them off. By paying extra each month, you can pay them off in just a few years.
Check out my newest ebook for the details on how to slash expenses and put money in your pocket to reduce debt!
Slash Expenses!
Put Money In Your Pocket.
Get Your Financial Life Back!
Make Money Every Day!
Free Ebook - Easy Techniques!
Learn How To Make Money!
Start Making Money Online - Fast!
Related Tags: financial problems, get out of debt, credit problems, reduce debt, reduce expenses, slash expenses, spend less money, financial ruin, make money onlin
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Important Things to Know About an Assisted Living Residence in Texas
n assisted living residence is a facility designed for senior citizens or persons with disabilities - Understanding How the Probate Process Works
The probate process is required within the U.S. to settle estates of deceased persons. The time requ - Fun Ideas for the Family During the Christmas Holiday
The Yuletide season is one of the most awaited holidays of the year because it is the time for joy a - How To Find The Right Composite Decking Deck Builders
Another rising home improvement project homeowners are starting to do a lot more of is the composite - Every Home Should Have A Radiant Barrier
The most easy and successful home improvement project you can do to your House, would be to install - The Different Types Of Rain Gutters
When purchasing a house or planning to do improvements to a home, there is always one project that s - How To Get The Best Replacement Windows For Your Home
Installing replacement windows can be the single most important home improvement project you can do - Holiday Accommodation Gold Coast: Pointers For Selecting The Best
With a multitude of holiday accommodations in Gold Coast, choosing the one for yourself can be quite - Want Holiday Accommodation In Gold Coast Queensland? Get Online To Find The Best Deal In A Quick, Co
There are several ways to find holiday accommodation in Gold Coast. You may refer to travel guides t - Celebrate The Ten-days Festival Of Navratri.
Dasara known as Dussehra, Navaratri, Vijaya Dashami is a festival of triumph of GOOD over Evil. The
Most viewed articles in this category:
- Adoptees Need Support When Voicing Feelings about Birth Parents
"I feel like a mistake.""I'm not like them.""Where's my family?""Why can't I find a suitable career? - Progressive Cooking: All About 'cuisine'
The French are known for their interest in art and all that is fine. It therefore comes as no surpri - Moroccan Decor - Oh My! Make Your Home Shine With Moroccan Rugs and Tapestries.
It is said in Morocco that he who enters Fez with a rug will leave with a moneybag. This saying o - Online Criminal Background Checks-Importance & Ease
Have you ever thought your new neighbor looks like one of the pictures on the post office bulletin b - Installing A Burglar Alarm
Want to protect your home? Ready to install a burglar alarm? The popularity of the home burglar ala - Lowe's Backyard Playground Sets
Lowe's is an excellent first place to look for anyone who is looking for the best swing sets on the - How Could Short Term Health Insurance Help Me?
Short-term health insurance plans allow people to have health insurance for a limited amount of time - Watch Out For Those Stinky Skunks!
There are various species of skunks found throughout the United States including the striped, spotte - Asthma In Kids: An Increasing Epidemic
Many believe that the majority of asthma cases are confined to adults, but this is definitely an inc - Stairlifts For Riders Of Above Average Weight
A stairlift is an affordable device that is used to give people with limited mobility access to the