Debt consolidation report : 3 rules to get out debt now
Debt consolidation report : 3 rules to get out debt now
I have friend called Samantha who was in real difficult financial situation recently. She earns something like 4000 to 5000 dollars a month. She may not have the best paid job in the world but her salary allows her to live pretty comfortably. The problem is that she had a problem with expensive clothes. She is really fond of luxury. She loves brands like Versace, Louis Vuitton
She was in debt because of that. Whenever she got out; she could not stop herself from buying a nice hand bag or really expensive shoes. That was really a problem because sometimes she didn't have enough money to buy food at the end of the month. But she didn't really care about no eating. To tell you the truth she was a kind of a fashion addict. She applied for a loan after an other. When I saw how serious it was I tried to help her get our debt. As a matter of fact that's how I got interested in debt relief.
I help her going through all the programs available: debt consolidation, debt settlement, debt management plan, After we review all the programs she chose debt consolidation.
That's because she had a lot of credit card debt. I am happy to say now that she is completely debt free.
But that was not that easy. It's really difficult to lose our bad habits. Just a few days after she went to the credit counselling agency, she went shopping. I had to borrow her so money to help her pay for her rent. That's how I convinced to have some rules.
The fist rule was not to bring her credit card in the mall. Instead, she had to withdraw the money before. That was a very effective rule because she was not able to spend more than she could afford.
Second rule was to have a plan. She had to have a budget and respect it. It allowed her to take financial decisions for the first time. Before that she didn't decide anything. She was just buying without thinking.
Third rule was to read personal finance books. She bought some personal finance books to have tools to face her money problems. She told that the concepts she learned by reading her book really helped her to stay in a healthy financial situation.