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Living a debt free life is no longer a dream. You can attain a debt free lifestyle by following a systematic strategy.  Below are some simple and cost- effective steps which can help you to become debt free.Prioritize your debts: The first step is to prioritize your debts. You need to make a list of your debts that you need to pay off first. You can begin with debts having high rate of interest and pay the less importance ones later.Minimal usage of credit cards: Next is to minimize the usage of your credit cards. Do not fall into “Buy Now, Pay Later” schemes. This will only add to your debts. Limit the usage of your credit cards and use it to pay necessary utility bills like gas, electricity and water.Follow a realistic plan: Structure a realistic budget that you can follow. Classify your expenses into needs, wants and not needed categories. This will help you to understand which ones you should purchase first. It is better if you put down your expenses to compare your income and liabilitiesTake a professional help: Understand your debt problems and go for professional help. A debt counseling firm will help you to structure a repayment plan. You can follow this plan to pay off your debts. They also give you advice on various aspects of money management and help you maintain a financial budget.Select a strategy plan: Choose a strategy to pay off your debts and stop availing new lines of credit. You can do this by availing a debt management program. You should go for the one which will suit your financial needs.Negotiate with your creditors: Approach your creditors and let them know in writing that you are facing problems in paying off your debts. They may be willing to negotiate the rate of interest and lower your monthly payments.Assess your financial situation: Make of list of the following 1. Names of your creditors2. Amount that you owe to your creditors3. Monthly payments 4. Type of loan 5. The rate of interest that you are charged with.Admit the fact: Accept the fact that you are in debt. If you ignore the problem at initial level it can become worse later.Pay your bills: Try to make your payments on time. This will relieve you from the burden of unpaid bills.All these will give you clear picture about your financial situation. Though you cannot become debt free overnight, yet you can eliminate your debts to some extent.

Unmanaged spending using credit cards are the number one root cause that drives most of people into credit card debt. If you are current in debt and thinking of having a debt free life in near future, you need to start to look into your debt seriously; steering clear of unwanted debt is a great way to manage your finances and relive the stress cause by debt. Here are some debt free steps which you can put in place as your New Year’s plan: 1. Change Your Spending Behavior

You cannot become debt-free if you spend more than you earn. It’s that simple! Financial stress relief is called “money in the bank” or “positive cash flow”. You need to know where you money goes; this can be done by list down your regular and non-regular expenses. Think twice for any item which you plan to buy, ask yourself whether it is a need or an optional item. 2. Have Your Budget Plan

Make a budget plan for yourself and eliminate or at least reduce optional stuff such as entertainment, dinner at restaurant and luxury vacations. Plan your budget according to your financial capability and spend according to your budget. You will be able to achieve your debt free goal if you can plan for a positive cash flow, which means that you spend less that what your earn. 3. Pay Your Bills On Time, Every Time

Managing monthly bills is an essential part of staying debt free and maintaining a good credit rating. If you find this difficult, come up with a system to ensure that bills are not paid late. For your current credit card debt, you may get help from finance experts such as credit counseling or debt consolidation services; they are widely experience in help people in debt management. 4. Set Your Financial Goals For Long-Term and Short-Term

To change your spending behavior may be difficult, but if you set your financial goals, both for short- and long-term, it is easy to make the necessary spending cuts to get what you really want. So set your realistic financial goals for year 2007 and a few year down the road; and manage, control and cut unnecessary expenses so that your can achieve your financial goals. 5. Plan For Adequate Emergency Savings Fund

You never know what will happen tomorrow, there may be some emergencies which will need a lump sum of money instantly, such as medical bill due to major illness and accidents; money to cover to income shortages such as temporary loss of job. Three to six months’ worth of bare-bones living expenses should shield you from most of these problems. Make the savings your habit. 6. Learn to Invest Your Money

Investing can make our money earn more money and keep you out of debt. Learn to invest with your money to grow it. There are many investment plans available in the market, range from insurance, to mutual fund, to stock market. Investment can make your grow your money; in contrary, it may cause you loss your money as well. Normally high gain investment will have higher risk than low profit investment. You need to understand your own risk profile and select the investment schema that meet your risk profile. You can start your learning by taking a class, find a referral to a great adviser or just start reading. Do it your way, but do it; and start now!

So, these are some tips for Your Debt Free Plan. Wish you have a Happy and “Debt Free” New Year.

Are you in debt? Do you want to be debt free? Do you think that being debt free is getting to be too hard for you or is impossible? Well, maybe this guide will help you.

Steps

1. If you are in debt, figure out how much money you owe. Who do you owe it to? Is it the bank, a car dealership, or simply a friend that you lost a bet to? If it is just $0-100.00’s look for a job to work and as soon as you get your paycheck, pay-up your debts. If it is a little bit more, keep working until you have worked it all off. If you need more than a few hundred dollars, you can either work it off, go to step two, or both!

2. If your debt is a spending habit (for example, you buy mass quantities of everything and/or buy things that you want, but are not necessary for living), the habit is called over spending and you should do some budget planning. Get a friend whom can save and don’t have the spending habit. Get him/her along when you need to purchase something. He/she will be able to provide some advise to you.

3. Every paycheck put aside some money for bills, food, and other needed necessities of living, and some money aside to save. Also put aside a little money for non-nessecities; it is important to be able to to buy things you want without going into debt. Keep saving money, and paying off bills so that you can pay off your debt. That is all I can tell you because I am not an expert at finances and know little about the financial world.

Tips

* Do some budget planning. Plan how you will spend for your paycheck

* Don’t buy something because you “Gotta Have It(You REALLY want it)”

* Buy only things you needed.

* Spend as little money as possible.

* Take up a hobby that involves no money-spending.

* Try to save gas money by walking, biking, skateboarding, etc. wherever you need to.

* Avoid using credit cards! Seriously! The easiest way to avoid debt is never, never charge anything on a credit card. If you absolutely think that you need a credit card (to “help” get a good credit score) use the credit card once for a small purchase, pay it off immediately, then cut the card into little pieces (or better still shred it) and throw the pieces away separately.

The different organizations that can help you to solve your debt problems are numerous. Each of these organizations has different ways of providing you with some help. Among these companies you will also find Christian organizations like the debt free army.

This company will have various tools, hints, tips and strategies that you can look into. Their website should be able to provide you with all of the information that you require. For this reason while you may find other Christian debt relief companies you should take the time to see how the debt free army can help you to turn your life around.

The debt free army while it is a charitable organization does have rules. These rules will help you to see the best ways that you can live a life that runs according to the principles laid down by god. By looking at the help and guidelines that are provided by this Christian service you can see the ways that your life can be changed.

The best way to find more information about the debt free army you should see about getting this information from the internet. Here on their website you can find helpful links. Among these links you can see the different ways that the debt free army can help you turn your life around.

On the home page you will be introduced to the fundamentals of the debt free army. The reasoning why this organization was created will be revealed to you. As you look at the other links you will see some links that will show you some debt reduction tools.

You can see what these tools are like and find the manner in which they can help you. Besides looking at these tools you will find yourself seeing the reasons why you should try to avoid getting into debt yet again.

For those of you who find this site helpful the lines from the Bible will help you to better understand the message that is given by the debt free army. There are many people with whom you can share your feeling and thoughts with. These people can be found on the Blog site of the debt free army website.

This brief overview will not reveal all of the work that debt free army does for the people who look at this site for help and inspiration. By choosing to use the debt free army site you too are allowing the words of god to help you come free of the burden of being in debt.