Start with a zero-balance budget; every dollar you earn has a job.
Next, save up a $1000 "baby" emergency fund.
Then you list ALL of your debts, from lowest balance to the highest. Attack the lowest one first and only pay the minimum payments on the others. Once you get that first debt paid off, apply that amount to the second one. Keep going and pretty soon you have a pretty big "debt snowball."
Yes, of course there is... but it will take some hard work and committment on your part.
There are people who can help and support you along your journey - but take heart - the end result is truly fabulous.
There is really no magical EASY way to become debt free....unless, of course, you are willing to file for bankruptcy. Becoming debt-free takes time and ALOT of determination. You need to determine what you can and can't live without. Make a list of all your expenditures and highlight all the expenses that you can eliminate...stuff like shopping and going out for meals. Take that extra cash each month and start paying down your debt. It's a long road, but a satisfying one!
Kevin
hi. This is my answer to your question,
http://hubpages.com/hub/Ways-to-Consolidate-Debt?done
I would like to answer by first pointing to a difference between easy and simple. In my way of thinking, lifting a feather is easy while lifting a large boulder is difficult, or hard to do. But both of those are simple. Other things are complex, like building a space shuttle.
I believe there is no widely available EASY path to becoming debt free. I believe, however, that there are widely available methods for becoming debt free that are SIMPLE.
For example, the snowball debt reduction plan is simple and easy to understand. But it can be very, very difficult to actually execute because it requires determination and commitment in the face of adverse financial pressures.
So, aside from winning the lottery, I don't believe there is an EASY way to become debt free. But I do believe there are SIMPLE ways to become debt free.
I would like to answer this by first distinguishing that there is a difference between REMAINING debt-free and BECOMING debt-free.
Remaining debt-free is when you maintain a debt-free status. Either you have never been in debt or you dug yourself out of debt.
You remain debt free by, obviously, not borrowing money, charging items on credit cards, or financing items. Essentially you should live within your means and build your savings.
There really is no "easy" way to become debt free. It's easy to figure out a plan for becoming debt-free but the actions do take some work.
The easiest way to become debt-free is to look at your total debt so that you understand how much you owe.
Then look at your current budget. Decide on a set monthly amount (the biggest chunk you can afford) that you will use to pay off a portion of your total debt. Eventually, if you keep up on payments you will diminish your debt into nothing and you will become debt-free.
by Elena 12 years ago
Is it really possible to live Debt-Free?
by Tim Mitchell 7 years ago
Curious . . . what are possible meanings for, "It is immoral to have a particular belief"?Are there implications and consequence?
by Shawn Yeager 11 years ago
Who is debt free? How much did you pay off?I am working on paying off debt and need some inspiration.
by bruce_king 11 years ago
well,its been on my mind that i should let all hubbersout there know if or not there is the possibility of makingquick money using voodoo.well, you quessed right if you said true because making money is bery difficult of late and it takes lots of time and determination to succeed in this business....
by gabgirl12 11 years ago
If gay marriage does not infringe on the first amendment why are christians trying to stop it from becoming legal?
by Marc Woodard 14 years ago
This Exerpt taken from my hub "A Stern Message to our Health Reform Politicians""They steal our tax dollars without representation, run up debt in back room deals and God knows if our GDP will be enough to clean up our debt even within a hundred years. You see if Bernie Madoff would...
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |