Category Archives: Guide
Debt Reduction Guide: Planning For The Future
No Credit Needed Debt Reduction Guide Section Five: Planning For The Future Budget For Future Purchases Now that you are debt free, put a plan into place so that you can stay that way. Create budget categories for future major purchases. I have categories labeled ‘automobile replacement’, ‘new furniture’, and ‘new electronics’ . Commit to [...]
Debt Reduction Guide: Staying The Course
No Credit Needed Debt Reduction Guide Section Four: Staying The Course Look For Opportunities To Earn Extra Income As you move forward, you’ll begin to get excited about getting out of debt. Now is the time to look for ways to supplement your income. Consider getting a part-time job. Look through your closets for items [...]
Debt Reduction Guide: Preparing For Freedom
No Credit Needed Debt Reduction Guide Section Three: Preparing For Freedom Build A Substantial Emergency Fund After getting out of debt, you next goal will be to stay out of debt. To that end, consider creating and funding a substantial emergency fund. The exact amount that you will want to keep in your emergency fund [...]
Debt Reduction Guide: Moving Beyond The Basics
No Credit Needed Debt Reduction Guide Section Two: Moving Beyond The Basics Reduce Monthly Interest Charges: Send minimum payments and extra payments as early in the payment cycle as you possibly can. This reduces your average daily balance which reduces the amount of interest charged. Transfer Balances Carefully: Consider transferring debt from one creditor to [...]
