Debt Relief Advice - Go Debt Free

Go Debt Free

Ways to Go Debt Free

You may not be too far in debt yet. In fact, you may just be looking for ways to go debt free. Here are some ways you can engage in debt free living:

Freeze your credit cards in a glass of water. This way, if there's something you think you can't live without, you have to go home and thaw them (and microwaving them is not an option) before you can use them. This gives you time to think about if you really want or need the item, or if it's just an impulse buy. Generally, by the time they thaw out, you will change your mind unless it's truly something you need.
Set goals. If you're saving for a house or a car, for example, find a picture of a nice house or that particular car and wrap your credit card in it. That way, you're reminded of your goal every time you make a purchase. It could make you think twice before buying something with your credit card. After all, you'll be that much farther away from that goal if your buying things you really don't need.
Make a deal with yourself. Every time you use your credit card to make a purchase, transfer that amount to a savings account. This way, you'll have the money to pay your card off in full each month while also keeping tabs on your spending. You may think this is a hassle and just start using cash instead, thereby avoiding interest if you don't pay the bill in full each month. In addition, we tend to spend 30% more on items when we buy them on credit without even thinking about it. But if you have to buy things with just the cash you have in the bank, you're a little more conscious of your spending.
Have your credit card company send you an email or cellphone alert when your balances goes above a number that's pre-set by you. (Some credit card companies do offer this service.)
Avoid credit cards that make it easier for you to use them by making them small enough to fit on a keychain. First of all, it's a security risk because if you lose your keys and someone else finds them, they have your credit card too. Second, if you have to dig through your wallet and/or purse to find your card, it makes it more difficult to use.

Let's say these ideas came too little too late for you, but you still want to go debt free. Okay, great. We still have ideas for you. You can go debt free by transferring your credit card balances to a card with a 0% introductory rate and pay the balance off in full during the introductory rate. Be careful of balance transfer fees though. That's how they get you, and how they stop you in your struggle to become debt free.

Of course, not everyone will qualify for that option anyway. For these people, there are at least five different debt free programs, all designed to help you go debt free by saving you money on interest. Most of these debt free plans will help you go debt free in five years or less, and they will all save you lots of money. These are real, viable ways for you to go debt free and stay that way.

About Us | Contact Us | Site Map | What's New | View as RSS