How To Get Out Of Debt

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How To Get Out of Debt | www.pennypinchinmom.com  #debt #budget #finances #expenses #credit cards

If you are wanting to make changes to your financial future and learn HOW to get out of debt the right way, then you have come to the right place!  Below you will find several lessons to help you get started.  Just begin with Lesson 1 and go through each step — at your own pace.  These are the steps my husband and I used to get out of debt ourselves, so we know that they work!  Good luck!!!

Step 1: Preparing your Net Worth and Debt Pay Down Forms

Step 2: How to Create A Budget 

Step 3: Creating and Using a Cash Budget / Envelope System

Step 4: Setting Up a Basic Emergency Fund

Step 5: Using the Debt Pay Down Form to Pay Down Your Debts

Step 6:  How Your Scissors Can Help You Get Out of Debt

 

Below you will find links to several articles which might help you out during your own debt free journey:

Use Your Weekly Grocery Savings To Pay Down Debt

Interest Rates vs. Balances — Which Way Should You Pay Down Your Debt

Paying Cash for Items You Need (or Want)

What is an Emergency Fund and How Much Do I Need?

Re-Evaluating What is Important Can Be Key To Staying Out of Debt 

Why you should AVOID Debt Consolidation

New Credit Card Offers – Yes or No? 

How To Have A Debt Free Vacation

Cash Lifestyle:  Becoming Accountable To Yourself

Not Having Debt Will Hurt My Credit Rating 

Changing Your Children’s Financial Future 

Giving Now or Later? 

Should We Refinance Our Mortgage?

Back to School Shopping and Getting Out of Debt

Why Am I Not Making Progress?

I am Out of Debt – What’s Next?

Change your Attitude About Money (and Life)

 

Sometimes, inspiration can help, you can find my own personal story about eliminating our debt here:

My Own Debt Free Story