Paying Off A Debt-The Sacrifices

Paying off a debt or loan is not only good for your pocket book , but for your credit rating. Any one who has ever had a loan or mortgage knows how significant one's credit rating is.

If you want to pay off a loan sooner, it is a wise decision. If you want to make wise decisions that will help you do it, GO FOR IT!

if you are prepared to commit to these decisions, YOU CAN DO IT!

Fortunately there are many things that one can do to ease a debt burden. Firstly, are you living within your means? if you are not, this is all you may need to do.

If you are already living within your means, you may need to make some sacrifices. Sacrifices that will be worth it in the end.

Eliminate Unnecessary Habits.

Are you involved in activities on a regular basis, activities that you have to pay for? May be you go to the movies every week, reduce it to once or twice per month.

Vacations

May be you go on vacation every year, cancel your vacations and make local two or three day trips instead. Go camping rather than staying at a hotel.

*Bad Health Habits

-Quit smoking

-Drink less or go on a NO ALCOHOL diet until your debt is paid off.

-Reduce the number of trips to the fast food restaurant and eat at home.

*These three are excellent, because your health will improve.

Become a Bargain Hunter.

-Shop for bargains locally offline or online.

-Look for discounted items before you buy.

-Use coupons from flyers, newspapers and advertisements. Look for instore coupons when you shop.

-Keep your eyes open for the sales.

-Take advantage of sales at the grocery stores, you can reduce your grocery bill by 20% or more.

Second Hand Shops

You can pick up some really great bargains at second stores. Many of their items are top-of-the-line, brand name with no taxes attached and in good condition. You pay only a fraction of the price of a new item.

Meet Annie, she is a professional Bargianista. She learnt from an early age how to economize. She uses bargain shopping to live within her means and at the same time live the good life she wouldn't otherwise be able to afford. Click Here.

Work & Play

Take a second job and cut back on leisure activities.You can kill two birds by combining the two.

Turn a hobby into a money making endeavour. You kill two birds by combining the two.

Meet Emma, she paid off a $10,000 debt in 2 years with couponing. She tells her stories and writes a blog about how to do it. Read about her story.

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