Financial Crossroads Gives 12 Easy Ways to Overcome Suffocating Debt

Feb. 20, 2010 - PRLog -- Grab a piece of paper or open up a word document, this way you can take this project on as your own. What we are going to do is show a clear picture of spending habits that cover daily, weekly and monthly expenses, by putting these items in front of yourself it will help you decrease spending habits when needed.

1)   Just because you got yourself into a debt situation does not mean you should continually beat yourself up for past financial indiscretions.  I am not sure Tiger Woods actually came clean with his situation, I advise you do especially with your finances so you don’t need extensive therapy later.

2)   Stick to a plan just a few trips to the grocery store per week; anything that will help your expenses does include gas.  In this day in age it cost more for you to leave your home than it does to get your groceries.

3)   Make changes to you’re your habits and your home to help reduce your expenses, for example a programmable thermostat can stop the AC from running all the time, and this will lower your utility bill a good amount.

4)   Another option that you have is to get a second job to help pay off your debt.  If you happen to be married this should be the person who would be able to generate the most income.  I suggest at least initially to looking at those skills that you know will bring in immediate cash while focusing on resolving your debt.


5)   If you are single person and you happen to be off on weekends then get a job on the weekends and take the money that you make and put towards the debt that you have.

6)   Having a home phone and a cell phone are typically not necessary anymore, look to cutting the cord at home so that you can save a little and make your family a nice dinner at home with the money you have saved.

7)   Be logical when spending money on your kids, for example a nine month old child does not need brand name clothes.  Get into a mothers group and see about swapping clothing, your child needs to be clothed but not with expensive clothing.

8)   Do you really need to get your hair, nails, and your eyelashes done every week? I know it is nice but that is money that you can be saving for your future and your kids future.  If you have a big event to go to and you need to get your hair done, can you find a less flashy quality place to go? Initially it might sound boring and prudish to be more tightly fisted with your money, and it will be worth it.

9)   Taking care of your car is necessary and in many area’s you are not allowed to wash your car at home, however it is not to difficult to wax your car if you follow simple directions and enjoy music while you are burning a few calories with a juvenile smile on your face.

10)   Don’t go out as much, eat at home or have your friends over for burgers and hot dogs.  You would be surprised how far chicken and vegetables go using your crock pot for an easy no hassle meal. Going to the movies can be expensive, you would spend $20 for two people, and I would rather see you put that money into your kid’s clothes or even better invest it into your debt.

11)   Add the amount of money that you throw away in a vending machine and I bet you it is a lot of money, putting tighter healthy snacks from home is better for your waistline.  It is also whole lot cheaper that way.

There has to be some discipline during these hard economical times.  However, this does not mean that you cannot have fun in life.
If these ideas are not enough or you are willing to take a more aggressive approach to resolving your credit card or personal debt; give Financial Crossroads a call at (888) 382-2439

Financial Crossroads
Santa Ana, Ca. 92705
www.financialcrossroads.com
info@financialcrossroads.com
http://www.financialcrossroads.com/blog/

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Based in Santa Ana, Financial Crossroads is a member of The Association of Settlement Companies (TASC) and offers solutions and programs to Americans looking to get out of debt. Financial Crossroads uses a multi-faceted approach to resolving credit card and unsecured debt.