We see a great deal of stress and angst in our line of work, especially over the holidays… So, we want to encourage you to start thinking of a PROACTIVE approach to managing your Debt and getting a handle on it in the NEW YEAR. If you can keep this New Years resolution, you will be rewarded.
Paying off debt in the new year is a common resolution, but doing something about it is two different things. We want you to master a smart approach to building good habits, OR we can help you with managing your debt in the coming year.
Understand what you owe – Create an inventory of your debts, including their totals and interest rates. Add them up to see exactly how much you have to pay down. If this is an overwhelming amount or an unmanageable amount of debt – do not complete the below. CALL US to formulate a plan for YOU.
Break it down into smaller tasks – Focus on the day-to-day steps needed to achieve your goal. Figure out how much you can put toward your debt each month. Choose how you’ll approach paying off debt. Consider using the debt snowball method in which you pay off smaller debts first to secure initial victories that will keep you motivated.
Keep yourself accountable – Track your progress and create a backstop to help you stay focused, such as updating US or a friend about your progress each month.
Incorporate a rewards system – Celebrate your WINS! This can keep you encouraged and on track toward paying off your debt.
If you have any debt that you cannot manage CONTACT US TODAY… Our strategies are not focused on refinancing current debt. We will seek to NEGOTIATE and REDUCE your debt.