Wednesday, April 16, 2008

Be debt free with an easy $15 dollar a day strategy

I’ve posted this before but thought I’d revisit the strategy with a little different twist.

The optimum strategy to pay off your debt is to add the $15 dollar a day strategy. Each day you save $15 a day by doing without something. Replacing Starbucks with your own fresh brewed coffee is a simple $5 to $15 depending on your multiple daily visits.

Take your $15 dollars get a money order and send it to one of your creditors. Each time you get a bill from you creditor make at least four copies (maybe 20 if you’re very undisciplined) and send in your money order with a copy of the bill.

You can pay off credit cards at a quick pace. You’ll pay off an extra $300 dollars a month and will see your debt decline very quickly. Be sure you pay off the lowest balance first than the next lowest.

It is really important to see results quickly. The faster the results the more encouragement you’ll feel, the better your enthusiasm will be to get the job done quicker.

It takes 7 days to develop a new habit. Get 7 money orders over the course of seven days and you’ll have a brand new habit.

There’s your twist. Attack your debt every single day. It beats the heck-out-of-the old once a month strategy. If you wait four weeks you’ll be worried every day waiting. If you attack the debt daily you’ll feel really good knowing you’ve started to get a handle on your credit.

David…

No comments: