We’re nearly a month into the new year, 2012 and for many people it’s that time of year to get organized and set goals. Do you have any goals for your money? Set a goal to reduce debt or increase your money, and if your finances has enough wiggle room in them, you can do both at the same time. This month the focus is on reduction. Getting rid of clutter and getting rid of debt goes hand in hand, because once the debt is reduced (or gone) then you’re mind won’t be cluttered with worry (at least that’s the aim).
Start looking at your debt differently….you guys have been together for a while, yet there’s been a strain on the “relationship” for some time. You’re not sure how to break things off but you know it can’t go on. First, start with honesty, no more denying how you feel….you don’t want to be around debt anymore. Next, think of creative ways you can apply more cash to your debt, to help speed up the process. As you watch your debt get closer to zero, re-think how you handle your expenses without reverting back to the same patterns. Seek out a mentor, someone who has successfully been able to stay out of debt; take a class on money management (sometimes they offer free classes at community centers) or read a book on debt reduction.
Do something different and you’ll gain the rewards!
Casually speaking and all the best,