How to BECOME DEBT FREE

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BECOME DEBT FREE

You can become debt-free and start building up your money store by following this easy to use system of eliminating your debt. You,too, can be financially sound!

Things You'll Need

  • a computer
  • your bills
  • your regular income
  • the desire to be debt-free!
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Instructions

    • 1

      Start by collecting all of your bills and categorize them. You can do this by dividing the total amount due by your monthly payment. Then, put them in order by that number, greatest to smallest. This will be the order in which you will begin to eliminate your debt.

    • 2

      Now, try to find a way to invest more money towards paying off your debt. This can even be $1.00 more than the minimum due. The more money you can put towards your debt, the quicker you will be out of debt. Here is how to do it...

    • 3

      Take the bill that is first on your list and pay the minimum amount due, plus whatever extra money you have to put with it. Then, pay all of your other bills as usual, with the minimum payments only. Continue to do this until that first bill is paid off.

    • 4

      Next, after the first bill is paid off and gone, start paying bill in spot #2 with its minimum payment, the extra money, plus the minimum payment from bill #1. Continue to pay all of your other bills as usual with their minimum payments.

    • 5

      After bill #2 is paid off, pay bill #3 in the same fashion, with its minimum, the extra money, and the minimum payments from bill #1 and bill #2. See the pattern!!! You will be debt free in no time if you follow this simple plan. Plus, you really do not need that much extra money in order to do it!

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