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You can get rid of Debt Series - Part 1

Updated on January 5, 2015
Join me in becoming debt free!
Join me in becoming debt free! | Source

Debt Free Journey

How would you like to learn how to get out of debt, stay out of debt and begin to save money? I have decided that enough is enough and that I am going to accomplish this goal in as short amount of time as possible. The new year is going to be a of financial change for me and can be for you too, meaning that I’m going to get out of debt, change the way I view money and see an improvement in my finances. It’s not that hard – it just requires discipline. Join me on this debt free journey so together we can begin to do the things in life we always want to do, rest better at night and help others to get out of debt too.

Detrimental Debt

Debt causes havoc in your life in so many ways. It is crippling, causes insurmountable stress in your body, relationships and it keeps you in bondage. The good news is that getting out of debt is a realistic goal. With careful planning, discipline and a changed mindset, you’ll be able to get out of debt, stay out of debt, begin to save money and live the life you always wanted to live.


Change your Mindset

Believe that you can change your mindset and you will, do not let anyone tell you that it's too late for you to change, it's never too late. It takes time but it can realistically be done. It took a while to acquire all of the bills that you have and it will take some time to get rid of them by changing the way you view money. Start with the mindset that you are not going to take out any more credit or buy unnecessary items. Every morning tell yourself that it is a new day and that you are not going to change anything or buy unnecessary items Find leaks in your finances and plug them up because you are going to have a hard time reaching your debt free goal with a leaky faucet that allows your money to go down the drain

Study Your Bills

One of the first and one of the most important steps to starting on a debt free plan is to get all your bills together and study them. Get to know them inside and out. Make a list of your bills from highest amount owed to lowest amount owed; also make a list of your bills from highest to lowest interest rates. Type this information into a word document or better yet if you have excel – use that program. Excel has many features that will help you in your debt management program. After you have all of your bills together, make a list of everything you buy on a weekly and monthly basis. This gives you a clear picture of your spending habits. This tasks requires true commitment, but it works. This is especially important if you use a debit card. Debit card purchases can get out of hand because they are so easy to just swipe and you’ll say to yourself “I’ll check my balance online when I get home” but if you are like me, you’ll forget. When you are on a debt management plan, you have to be very cautious of debit card purchases, because those small $5.00 - $10.00 purchases for miscellaneous items quickly add up.

Debt Free Plan

As I devise and follow my debt free plan, I'll write about my journey in a series of hubs. Circumstances in life such as illness caused me to fall behind and sink into financial woes. Now that I am well and able to work again, I am going to follow this self-made debt free plan and begin to save. If I can help just one person to get out of debt too, this series I’m working on will all be worth it.

First Debt Free Assignment

This week first get excited about the fact that you are on the way to becoming debt free. Collect all of your bill and put them in one place. Find an old folder or a shoe box to put them in. You don't have to spend a lot of money on a fancy organizer. Chances are you have something around the house that will serve the purpose well. As the bills come in begin to study them, don't toss them aside and hope they'll go away. Be bold, open them and face them and determined to aggressively tackle them little by little. They will get paid off.



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    • creativelycc profile image

      Carrie L. Cronkite 3 years ago from Maine

      Thank you so much Ezzy for your comment. I'm living proof that this is working!

    • ezzly profile image

      ezzly 3 years ago

      This is a very helpful article for those of us straddled with debt, thanks for your tips, tweeting and voted up !

    • creativelycc profile image

      Carrie L. Cronkite 3 years ago from Maine

      Thank you for your comments Alba, your husband has the right idea since interest is a killer. Blessings to you!

    • Rachel L Alba profile image

      Rachel L Alba 3 years ago from Every Day Cooking and Baking

      I'm always interested in articles that help me be debt free. My husband always insists on paying our credit card bill outright, therefore, no interest payments. It's hard, but we do it. I have to keep tract of what I charge during the month and put that amount towards the bill. It works.

    • creativelycc profile image

      Carrie L. Cronkite 3 years ago from Maine

      You are so right DDE; life is very difficult when you have debt. That's why I'm so excited about writing this series that is working for me. Thank you for your comments. You are very blessed not to have debt!

    • DDE profile image

      Devika Primić 3 years ago from Dubrovnik, Croatia

      I don't have debt it is difficult to have a good life once one is faced with a mortgage debt or credit card debt.

    • creativelycc profile image

      Carrie L. Cronkite 3 years ago from Maine

      Thank you very much Dr. Penny Pincher for your comment! I'm enjoying writing this series because it is actually working for me. I hope you learn some tactics debt reduction. I'm presently working on the second series. I will publish it by the end of this week.

    • drpennypincher profile image

      Dr Penny Pincher 3 years ago from Iowa, USA

      This should be an interesting series! I am always interested in learning about debt reduction tactics.

    • creativelycc profile image

      Carrie L. Cronkite 3 years ago from Maine

      Thank you very much Victoria Lynn for your comment and congratulations on being debt-free besides your mortgage! Downsizing sounds like a good idea to get rid of your mortgage - just make sure you'll be happy with a smaller home. Thank you for sharing, I want to help as many people as I can along my journey!

    • Victoria Lynn profile image

      Victoria Lynn 3 years ago from Arkansas, USA

      I'm the first to comment! I'm debt-free besides my mortgage--always have been, pretty much. But I want the mortgage gone! I'm thinking of downsizing to make that happen sooner rather than later. And yes, it's a mindset. After a while of thinking how to be frugal, what we don't need, it really becomes a way of life. I think it's fun and exciting to think that way, as it opens up possibilities for the future. Sharing this hub! More people need to read this!