subject: Living the Debt Free Lifestyle [print this page] Living the Debt Free Lifestyle Living the Debt Free Lifestyle
You can live debt-free. Sure, it's pretty easy to free yourself of debt; however, staying free of it is another story. You see, when one goes on a diet to lose weight, he or she has to change his or her eating habit FOREVER. Lest, it would be impossible to keep the weight off. It's the same thing with debt. If you want to be totally free of it, you must make necessary changes; changes that you would have to live by all through your life. In this article, you will learn about six ways on how you can have a lifestyle free of debts.
First off, it starts with your mindful use of credit cards. Use a credit card as if you were using a dynamite. Meaning, know what you're doing before you light one up, or else, it may explode in your hands. It's a fact that people who make purchases with their credit cards spend more than what they could afford. So, before believing everything you hear, use the organ in between your ears first.
The second thing you should do is stay on budget. Don't touch your savings unless it's really an emergency situation.
Third, divide your savings. Think of your kids and their future needs. Deliberate on your needs too. Do you have a car to maintain? How long are you from retirement? Consider all these things to make sure that you will have enough when the need arises. If you don't think ahead, living debt-free would be impossible. After all, where else will you get money for your car repair or replacement?
Fourth, be frugal. There is nothing wrong with practicing frugality in life as long as it's not excessive. Meaning, it's good to opt for home cooked meals than dine out in a restaurant; however, it's bad to starve yourself.
Fifth, learn to negotiate. You have to understand that negotiation is an art. It's not a sin. Besides, the person you're dealing with won't give what you want if he or she thinks you're being unreasonable anyway. Employ some haggling techniques. The more you do this, the more money you can put back into your pocket.
Finally, learn self control. Master yourself and you can absolutely master anything.
These are six effective ways on how to live a debt-free life. If you haven't taken any of them seriously, it's time you do now. They can surely make your life fuller and happier.
