Hey Y'all,
For a while now I have been trying to get my life back on track financially. I've been doing just that but it hasn't been easy in any means. I'm also not any closer to calling myself debt free. But I have learned a few things since I made so mistakes so long ago. I'm gonna throw some tips on here to hopefully help others not make my mistakes.
1. Pay on Your Debt - So the first thing that always helps pay off debt is to pay it off as soon as you can. Pay it off the best you can, as soon as you can. I usually make payments as I spend. I think you should never spend more than you can afford to pay back right away. It's the best way you can assure that you don't go into debt.
2. Stop Using Credit Cards - I know, I know. This contradicts what it says above. If you can, cut up your credit cards, close your accounts, and start to pay them off. It's much better for you to close your accounts than to have someone else close them for you.
3. Use Cash - That's right people. Cold hard cash makes spending it a lot easier because your less likely to spend over your means. It's also harder to spend that cash as well.
4. Stop Paying with Checks - Trust me, checks are very dangerous if you don't pay attention to it your accounts and how much you are spending. Those checks are way too easy to write and overspend with. I would know. I have done my share of learning my lesson this way.
Debt is hard to pay off. It's hard to fix and get your life back. Unfortunately you need good credit in order to do anything in life. I've learn that life doesn't teach you how to be good with money. Well unless you have people to teach you the importance of money and how to save money. But I never had that. I wish I had but I didn't.
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