Nonprofit Insurance Program

5 Steps to a Debt-Free Life

By Alexa Connelly
May 04, 2012

In the economy that we are living in right now money is weighing on our minds a lot along with debt from unpaid bills. Although this may seem unending, there are some ways to help eliminate debt and get your finances back in order:

  1. Compare the 6 solutions and choose one that will work best for you. Debt consolidation, debt settlement, debt management, self repayment plan, bankruptcy, or ostrich plan.
  2.  Avoid new debts. To start eliminating the old debt, remember to pay your bills fully, in time to stop having even more debt.
  3. Control your spending habits. Instead of buying your lunch at work every day, pack to save some money which can be used to pay off your debt.
  4. Consider professional help.
  5. Make a list of all the bills you need to pay and make sure that with your income you can pay them all on time, if you can’t you may be able to call the company and get an extension.

Just remember, there can be an end to debt, it is up to you. Make the right choices with spending, create a budget, consider all solutions, and pay your bills on time for here on out and you’ll be on your way to a debt free life.

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