Get Out of Debt

Take a 2nd Job to Pay Down Debts; Best Sites to Find Jobs

Taking a second or third job to reduce your debt load sounds completely unappetizing to all of us, but it is something to consider to get your debts down to zero fast and keep them there. Some of the best sites to find jobs, to fit in with your day job, include Indeed.com, Glassdoor.com, simplyhired.com, Ziprecruiter.com, Linkedin.com and others. Oftentimes,[Read More…]

(49) Set up Automatic Payments on All Borrowed Money

With the increased banking regulations today, banks are hemmed in on where they can make money and are just waiting for you to make late payments so that they can tighten the interest screws on you. Don’t let them. Start automatic payments on all of your credit cards and loans for the minimum monthly payment. We don’t recommend that you[Read More…]

(43) Always Use Windfall Cash to Pay Down Debt

Anytime you get in a windfall of cash, use it to pay down debt rather than buying a present for yourself. This includes tax returns, bonuses at work and, yes, your increased salary from finding and taking a better job. Most people, when they get a better, higher paying job, will crank up spending and debt. Be smart, use the[Read More…]

(40) Always Use Price Comparison Websites

Once you have made the decision to commit yourself to getting out of debt and rebuilding your credit, you will see ways to begin freeing up money in many areas of your life to focus on reducing that debt. One way to do this is to always use price comparison sites before buying anything. Take it a step further and[Read More…]

(37) Understand the Difference Between Debt Settlement & Debt Consolidation Before Trying Either

If you are considering debt settlement or debt consolidation as two potential ways to relieve the debt you are carrying, make sure that you understand the difference between the two and the pros and cons of each. In its most simple form, debt settlement reduces the amount of debt you have, while debt consolidation reduces the number of creditors you[Read More…]

(27) Create a Financial Plan

Create a long-term financial plan and include where you want to be in a year, five years, 20 years. Things happen to change the best laid plans, but you need a plan to begin with and then adjust it as the reality changes.