We all want to be debt free. We don’t want to pile up debts and finally pay for it all our lives. Paying all these bills sometimes strangling. You may be overwhelmed with all payments you need to pay but there are several ways that you can use to pay your bill, avoid your debts and spend your finances carefully.
You have to trace where your money is running. Write your income every month plus other income sources. You can also register the payment you have and can check the area you can do without. It may reduce the budget in terms of food, transportation, and other items that are not needed at all. If you like to drive your car, why not try riding public transportation that can reduce your expenses in terms of gasoline. As for food, look so you just buy what you need. After you know how much you earn income and you receive every month, you can then reduce your remaining costs and budgets.
As for your existing debt, make sure you pay it off first before getting another debt or loan. If this is unavoidable then find a loan company that can offer you a lower interest rate and affordable options for you. Understanding the agreement very well and always ask for your creditors if there has been an area that you want to clarify. Just get a loan if necessary or you will end depending on this loan and creditor.
Try to avoid traveling or getting into the holidays. Always analyze first how much money you will spend before you decide to shop. You can sell your items that you don’t use anymore and even though it’s only a small amount that you will get from it, still you earn. If you like watching cable television but you rarely do it then it might be time for you to release your monthly subscription.
Another thing is your phone or cellphone bill. Don’t use your cellphone if it’s not necessary. Cut your membership to unnecessary clubs that are not useful for you. As for food, try making your own garden for your vegetable source and fruits. It would be ideal and of course help.
If you maintain insurance, then explore your options along with your insurance agent. See what you can do to lower your rates. You can pay higher deductible to pay lower monthly rates per month. Try to remove your unnecessary insurance area. For all types of insurance, check whether you can consolidate all your insurance and other ways where you can reduce your monthly payment.
Do it far from your habits and addictions. This can be a cigarette, drink alcohol or gambling. Don’t buy unnecessary items and will only add to your burden. If you get all household assignments, don’t hire a housemaid again. Always economical no matter how small or large. Save in any way possible. This is the opportunity given to you to save. This is not for the benefit of others but for your own good. Live a simple but happy life. Reduce expenses, reduce your bills and debt free. Nothing can defeat the peace of mind you have if you are free from debt and you have a lower bill to pay.
