How To Beome Debt Free

A credit card, the biggest beneficiary of the Marquette Bank decision (Photo credit: Wikipedia)

Becoming debt free is very easy for anyone to accomplish.  It is just like any thing else you want in life .. you just have to want it bad enough and long enough for it to happen.  Wishes dreams and wants in our lives are like seeds we plant in the ground that has to be cultivated and cared fore before it produces flowers.






So how do you really become debt free ...

In this article I will give you some basic steps to become debt free.  Now I have to admit I am not the one for carrying lunch to work or cutting out my star bucks but in some extreme cases that might be the a starting point for some.

By the time your finishing reading this article you will know how to start planning for you deb free life and wealthy future.  Like everything we have to plan for our outcome .. it is like a going on a trip you have to have a route planned out or you might not get there.

So how to become debt free .. simple you have to make sure you are keeping more of what comes in then goes out to start.   Here are some basic things you can do to began your journey for financial freedom.

1. Write down all your revolving debts
2. Write down all your monthly expense
3.  Subtract your monthly living obligations from you income
4. Pay yourself 10% every payday no matter what
5. Open up a separate saving account and deposit that 10% in there

You main goal is to get in the habit of savings.  You want to see a decrease in your debt every month while working to eliminate that debt totally.   You may have to lay off buying things you want but don't really need.  If you can do this for a short time it will pay off big time.

Keep track of all debts, expense and purchases.   You can dictate how much money you will spend for yourself out of each pay check and stick to it .. that way you stay on the path of becoming debt free.

To Your Debt Free Journey,

Kim

P.S Join my news letter for more ways to become debt free without changing your lifestyle.

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