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10 Quick Debt-Busting Tips
Are you really frustrated? Does it sometimes seem like the dollars are slipping through your fingers while the bills just seem to keep mounting up? It's a familiar feeling for many of us nowadays. Sometimes, though, like most things...
Consolidate Your Debt With A Home Equity Loan And Improve Your Credit Score
A home equity loan is a loan based on the difference between what your current home value is and what you currently owe on your house. There are also mortgage companies that will loan a little over the equity you have in your home. They can usually...
Credit Cards - The Inventor Of Debt Consolidation Companies
Like with everything good comes something so overly abused, that
turns bad. Credit Cards were invented to help others get by
without using cash and being able to purchase goods when you
can't find an ATM machine to get money from.
But, that...
Crushing Credit Card Debt
How much do YOU owe on your credit cards? The average American family is now over $7000 in debt just on their credit cards. That debt generates an interest charge of over $105 each month if your card charges the average 18%. If you have missed a...
Debt consolidation for self employed - Innovative handling of overgrowing debts.
Is every month like a constant struggle with bills payment piling up? Do you feel like not opening the bills? Are you thinking of ways to avoid it? If answer to any of these questions is 'yes' - then you are certainly heading for debt consolidation....
Debt Settlement & Income Taxes - What You Need To Know
Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining...
How To Pay Credit Card Debt Off
If you are determined to pay credit card debt off you are making the best financial decision of your life. The reason credit card debt is so bad is because it carries such a high interest rate. The quickest way to take back control of your...
Loans Are Not Just For Christmas. Surviving The Holiday Debt Hangover.
Christmas is coming - A time for decorations, songs,
over-eating, gift giving, visiting the family, consumer spending
and the increasing of personal debts. Bah humbug.
While most people see Christmas as a joyful period there are
many who see...
Say "Bah, Humbug!" To Holiday Debt: Avoid the "Holiday Hangover"
Ah, the holiday season! Turkey and dressing, pumpkin pie, office
parties, jingle bells, and lots and lots of eggnog make the
season a delight. But all fun and reindeer games aside, you have
to be careful to make sure you don't wind up as poor as...
Teaching Students To Keep Out Of Credit Card Debt - The Parents' Role
Parents have the full responsibility for their children and their education. It is up to parents to teach their children what's right and what's wrong, how to conduct themselves as good citizens, how to cross the road safely and generally protect...
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Pay Down Your Debt Now. Don't Wait For The Perfect Situation.
The number one reason people don’t get out of debt is they
don’t try. This may apply to you. You want to, but never
seem to do it. You put it off for whatever reason.
Sometimes, you want to wait for your life to be just right before you
make the attempt. You tell yourself, when I get the new
job, when I receive the next promotion, or when I get my
next raise, I’ll go to work on my debt.
Perhaps you are waiting for some artificially set date. You
tell yourself the first of the year will be a good time to start
or when you get back from vacation. Whenever it is, it is
always in the future.
I call this “perfect situation procrastinating.”. This allows
you to put off any action, while you wait for your situation
to be perfect. It reminds me of a story I read the other day
about a mother registering her daughter for kindergarten.
The mother, a school teacher, took her daughter to register
for kindergarten. They were greeted by the kindergarten
teacher near a table outside the room. On the table she had
some paper and crayons. The mother stood back while the
teacher did, what the mother recognized as, a simple
screening of her daughter’s abilities.
The teacher asked the child to choose her favorite color
crayon and write her name on one of the pieces of paper.
The mother hovering in the background, knew her daughter
could not only spell her name, but the names of all
her
family members. She was pleased her daughter would do so
well.
However the child just stood and stared at the crayons. The
teacher again asked her to choose her favorite color and
write her name. The child remained still. Her mother knew
she could do this but stayed back to allow the teacher to
handle it. The teacher then put her arm around the girl and
told her it was all right, she would learn to write her name
during the school year.
As the little girl and mother rode home the mother asked
her why she didn’t write her name. Her daughter
responded, “She asked me to write my name with my
favorite color and there was no pink crayon.”.
The little girl, very capable of doing what was asked of her,
didn’t do it because the situation was not perfect. Many
times we are the same way.
As you get ready to tackle your debt, do that of which you
are capable, not waiting for the perfect situation. While it is
important to have a plan, it is more important to just begin.
A plan may be adjusted as you go, but if you continually
adjust your start date, you will never put your plan into
action. So, start now, don’t wait for your pink crayon.
ABOUT THE AUTHOR
David Wilding has for the past ten years worked with groups and individuals to help get rid of their debt. Visit his website http://www.debtattack.com for more ideas, tools, and strategies to help reduce your debt.
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