masthead

Weblog


Features


Search


Wealth-Coaching

Spread the Word!

Eliminate Debt By Slowing Down Your Spending

Cut SpendingWant to save money?  Then stop spending it.

I know, it sounds really easy, but it’s not!  From car payment to home loans, debt really adds up quickly.

However, one of the smartest ways to eliminate your debt is to prevent it’s accumulation.

Here are some points to remember:

1.  Interest costs you money

2.  Save up, rather than putting it on a credit card

3.  Consider alternate sources of purchasing
Barter, lay-a-way, 90 days same-as-cash and alternate funding to finance your next purchase.

Think outside the box.  Sell some things that are just lying around your house on Ebay or at a Garage Sale.  Write a freelance article at associatedcontent.com and use the funds to pay for your purchase.  Sell some stock and use the gains to purchase what you want.

There are so many ways to finance your purchases without paying interest.  Think long and hard before you use your charge card about ways to avoid purchases with interest charges.

Relevant Tags: , , ,
Posted on Friday, February 24th, 2006 at 3:57 pm In Debt Elimination
© 2007 Wealth-Coaching Inc.