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The Secret of Debt Reduction

The true secret to debt reduction is for you, the debtor, to be totally committed, absolutely 100% committed, to get rid of your debt entirely. Have you ever been absolutely obsessed about achieving something? Anything? Stop for a moment, reflect back on your life and consider a time when you were 100% obsessed.

Getting Excited About Debt Reduction

Maybe it has been a while since you were in college, and you were obsessed about getting decent grades. You attended every class and seminar, and you took lots of notes. You read ahead in your assigned studies and focused clearly on your assignments with great intensity. You studied early in the semester so you weren't caught short at mid-terms or finals. Your friends and family knew better than to expect you hang out with them or to slack off.

Maybe it was a car you were excited about. You looked up pictures of it on the Internet and read reviews about it. You read the owners' club pages and rubbernecked every time you saw a car like it drive by while you were cruising around town in your boring old car. You sacrificed, saved, and put away all the money you needed to buy your dream car. And then came the proud day when you owned that car, and it was yours.

Getting Obsessed About Debt Reduction

Debt reduction takes a certain kind of commitment, dedication, and, yes, obsession. You should be thinking every day, 24/7, about how you can reduce your debt. As you board the bus or train to commute to work instead of driving, congratulate yourself on all the money you are saving on gas and parking.

At lunch, when your co-workers spend $7 to $10 or more on sandwiches, salads, and hamburgers remove your sandwich or salad you brought from home out of your lunch bag and pat yourself on the back for reducing your debt by $50 or more per week, over $2,600 per year to be used for debt reduction!

After getting home from work, enjoy a movie....on DVD. Save up to $20 or more by watching a movie at home rather than going out to see one. Have dinner, and indulge in dessert if you wish, at home. Is there someone who can teach you how to cook if you don't already know how? It is definitely worth asking!

Keep Track Of Your Changes

Keep a journal, log or notebook of your quest for debt reduction. Jot down every cent you save so you will be aware of even minor efforts that have been made and that they are worthwhile. Total up your savings at the end of each week and write a check for the amount you accomplished to save. Utilize that money you saved toward your ultimate goal of debt reduction by paying down higher interest credit cards first, then other debt as you go along.

Article Source: http://www.articlemap.com

Author L. B. James has penned many unique articles about reducing debt. See more of his works here about Debt Reduction. You can also read other articles by him at the blog Desert Blogger.

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