If
Tuesday, August 31, 2010
Cost Of Bearing For Washing Machine
Grind Your Debt In 2 Steps
If
is in debt, continue Read on to learn how you can lower your debts in just 2 steps ... If
is possible! If you decide to act and advance step by step, you can delete all your debts. What do you need? Time, determination and follow these two steps.
Step 1: Accelerate your payments
Establish a monthly program that allows you to finalize their debts early. How hard is it? Sure. The trick is to coldly analyze your current expenses, identify those which can avoid or postpone, and allocate these resources to the plan. The ideal is to reach 10% of their income.
To do so, within each major expenditure categories such as education, entertainment, housing, transport, store, credit card payment, etc. Ask yourself the following questions: What do I spend more money, "spending more as I make more?, Am I saving money to fulfill my dreams, start my own company or retire young? How much monthly interest expense? What percentage of my income is committed to the payment of debts?
The answers to these questions can help to reduce spending in each category. Check them again and again. Remember when everything is important, nothing is, is a key priority.
Step 2: Eliminate debt
The best way initiate a plan to eliminate their liabilities is how much should really. Therefore, the first step is to list all your debts. Then do the following exercise, recommended by TrueCredit:
1. For each debt, divide the total balance of credit over the monthly payment or the mandatory minimum, which will tell you how long each debt is settled.
2. Sort and list your debts starting with the one requiring less time to pay. So No. 1 Debt is offered less time to paid in full (for example, loans that are in their final payment or short term. In the last number of the credit list is longer term, probably is the mortgage on your house.
3. Each month, cover the minimum payment on every debt as he had done.
4. In the case of Debt No. 1 on the list, besides the minimum payment, it should cover a slightly larger amount, as recommended in "Step 1: To accelerate the payments."
5. Repeat this every month, to pay off your debt No. 1.
6. After settlement, continues to cover the minimum payment on each debt, except in Debt No. 2 on the list, to be covered by the minimum payment plus additional set up in Step 1 plus the minimum payment effected on its debt No. 1 (now covered.)
7. Repeat the process every month, to pay off your debt # 2.
8. Continues to cover the minimum payment on each debt, except in Debt No. 3, which cover the minimum payment plus additional Step 1 plus the minimum payments by their Debts No. 1 and No. 2.
9. Repeat, month to month to pay off your debt # 3 and continue with the following.
The goal is that you cover all your debts are used to allocate 10% of their income, this time not to pay, if not to save. Precautions
In TrueCredit argue that it is tempting to assign the N ° 1 to the debt with interest high. Please do not! The strategy is to concentrate resources on first pay the debts with the shortest maturity, where the ultimate goal is to liquidate everything.
More information:
TrueCredit.com
http://www.truecredit.com/ (English)
Source: http://www.voypormas.com/
Provided By: You Decide
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment