Arizona Debt Free - Top 3 Tips to Becoming Debt Free
Arizona Debt Free - Top 3 Tips to Becoming Debt Free
Many people in Arizona would love to become debt free, but most don't know where to begin. If you follow these three simple tips below you can becoming debt free.
Tip #1 - Cash is King - From this point forward resolve to not use a credit card unless it is an emergency and you do not have an emergency fund set up. If you use cash to pay for your purchases you will typically spend less than you would using a credit card. The other bonus to paying cash is that you will not have a credit card bill at the end of the month. Using cash to make your purchases is a great way to remain debt free.
Tip #2 - Pay off Current Debt - You should develop a plan of how you are going to pay off any current debt. This plan may include a debt settlement if that is determined to be the best option for your situation. Becoming debt free starts with develop a plan to get out of debt and then following that plan.
Tip #3 - Start an Emergency Fund - Life is full of unexpected expenses. This is why it is so important to build up an emergency fund so you will not have to put those unexpected expenses on a credit card. Nothing can derail your debt free efforts more than an emergency.
So, as you can see, if use cash to make your purchases, pay off your current debt, and establish an emergency fund for unplanned expenses you will be well on your way to becoming debt free.