Credit Repair Tips

Debt Free Tips

Follow these simple debt free tips, and be debt free forever!

* Avoid getting into debt by using cash wherever possible.

* Prepare a budget every month, and account for every dollar (including the spare cash). This discipline will get you onto a great money management start!

* Eliminate channels on cable TV that you’ll just never watch. You can save a lot of money by having just the channels you watch the most.

* Be patient. Getting rid of all the debt that you’ve accumulated can be a very slow process. It may seem that it was easy to get into debt.. getting out of debt is a process of discipline, education and patience… and YES, it will take time. Yet it is possible.

* Look for free or low cost entertainment. Your local newspaper is a great source, you may be able to find some free concerts in town.

* Here is the BEST tip of all: Put a note in your wallet / purse with the words “Do I really need this?”. Many times we want something that we DON’T need.

* Call up your creditors and tell them about your situation. They may offer you some rebates from the payment due, or charge a lower interest on an amount due.

* Change your spending habits. If most of the debt is being accumulated by your spouse or partner, it can be quite a challenge getting them to change their spending ways, but set an example by changing your attitudes and behavior.

* Start making food at home instead of buying them from outside. You’ll be pleasantly surprised to discover how much money you can save by making food at home.

* If you’re going to buy a consumer durable item, save cash for it, and by the time you have enough money to buy it, you may not want it.

* Start using supermarket coupons so that you don’t have to pay face value for the items you purchase.

* Think about any major expenses that will come up in the future, start saving for it so you don’t tap into the credit card (or a loan) when buying it.

* When you draw up a budget, be realistic. Many times people draw up a budget, where they use nearly every cent earned to settle the debt, adding unwanted stress, be realistic, and keep a bit of money for the bare essentials.

* Live within your means. If you don’t have the cash to buy something now, then truth is….you CAN’T AFFORD IT! .

* As soon as you finish settling off the balance on one of your credit cards, close the account immediately. Too often, many people get back to their old spending ways when they see that there’s a $0 balance on their credit card.

If you follow the above Free Credit Counseling Tips carefully, and are dedicated to your goal, you will soon see your debt fall away to reveal a clear path to a debt free lifestyle!

Thank you
The Helpful Hands Foundation
“helping one hand at a time” become debt free!!