Debt Relief Solutions – 5 Tips to Get Yourself Out Of Debt!

debt-relief-solutionsIf you are feeling stressed and tense because of debt, there are debt relief solutions that can help. Being in debt is a problem that happens to nearly everyone at some point. Why?

Because the world we live in encourages an “I need it now” attitude and lines of credit are available just for the asking. Before you know it, you may have gotten yourself “entrapped, enslaved and overextended” by debt.

Unexpected Life Changes Can Plunge You Into Debt

Sudden changes in circumstances can also catapult you into debt. Perhaps you lost your job, you got divorced, or experienced some other medical or natural emergency that dramatically changed your situation and plunged you into overwhelming debt. Don’t despair.

No matter how high the mountain appears, there are debt relief solutions to help you climb it one step at a time, one day at a time. With a good get out of debt plan you can successfully pull yourself out of the metaphorical hole you may find yourself in.

Use these 5 practical get out of debt tips to tackle your debt and chop it down to a much more manageable and stress-free size.

1. Avoid Creating Debt.

If you only buy what you can afford you’ll be able to avoid the snare of debt altogether from this point forward. One of the best credit card debt solutions you can implement is to cut up your credit card. That way, you won’t be able to use it to accumulate more debt.

Rather than splurging on the latest blackberry model or on a fancy piece of jewelry , just wait and save up for it. Self discipline is an important step in making debt relief solutions work effectively for you.

The best way to get help with credit card debt and feel the soothing relief of being debt free is to change in your mindset. Make the switch from ” I need it now” which only creates more debt, to “I’ll enjoy it more when I have the money”, which helps you avoid debt.

2. Start From the Bottom Up.

debt-relief-solutions2I am using several debt relief solutions to get out of debt, but the one that is working best for me is paying off the lowest balance first.

I have two credit cards with a balance of less than $7000 total, so paying off credit card debt and getting that out of the way within 12 months will give me an immense feeling of accomplishmentAlso, once I eliminate those 2 monthly payments completely, I will save on interest charges and I plan to put that money towards paying off student loans or use it to pay off my mortgage early.

3. Pay Off Highest Interest Debts First.

Another good strategy when it comes to debt relief solutions is to prioritize bills by interest rate and pay off the highest interest debts first. This will save you a lot of money. Why?

Because often, the high interest is what can keep you “enslaved” by debt longer. A good credit card settlement plan is to take out the higher interest cards and pay them off first. You’ll feel a great sense of progress when you can cross that payment off your monthly payment list.

4. Merge & Consolidate.

I don’t know about you, but one of the most stressful aspects of being in debt is the constant reminders and notices in my box from different creditors. The best way to fight back is to consolidate your debt. Discuss your debt consolidation and reduction options with your bank and see if they offer any debt relief solutions.

5. Switch To Cash & Debit Payments Only

debt-relief-solutions3All the best debt relief services will tell you that using cash or debit cards payments is the most effective way to get out of debt FAST! If you keep using your credit cards, you will only be keeping yourself in debt. Instead of getting out of the metaphorical debt-hole you are in, you will only be digging it wider and deeper.

Paying with cash not only helps you get your debt burden down but it also helps you to develop new spending habits which are essential to help you get out of debt and STAY out of debt once and for all.

DIY Financial Resources To Help You Eliminate Debt

No one wants to loose their job. No one welcomes a medical or natural disaster. No one looks forward to the death of a loved one or a divorce which can mess up whatever budget you have set up. But the fact is, all these things happen whether we want it or not, and they can cause financial ruin.

If you are feeling stressed and tense because of debt, here is you chance to get your hands on debt relief solutions that can help.

Now is the time to take a pro-active approach to your finances and eliminate the crippling stress of debt.

The DIY financial resources below are excellent reference sources for everyday life and for becoming financially fit. I highly recommend them.

 Debt-Free Forever: Take Control of Your Money and Your LifeCheck Price Spent: Break the Buying Obsession and Discover Your True WorthCheck Price How to Get Out of Debt, Stay Out of Debt, and Live Prosperously*Check Price

About Darlene

Darlene is passionate and enthusiastic about helping women simplify their lives, develop stress resilience, regain balance, and find happiness, despite the personal storms life throws at them. She has published a popular series of stress management books which focus on simple, practical and healthy stress relief strategies, as well as provide FREE resources and services that help women become more stress-resilient.

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