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Wednesday 14 March 2012

The Recipe To Live A Debt Free Life

By Kathleen Burch


Living free is one feeling that is not so easy to explain. A lot of consumers today would find this feeling to be quite alien. When you have finally had a taste of living without debt and without the stress that often comes with it, then you will be cooking it up all the time.

It's likely that you would want to pass down this recipe from generation to generation. Your children and grandchildren will love the flavor of debt freedom. You will be giving them a taste of success if you serve them from birth to marriage. How about giving yourself and your heirs a slice of financial security and independence to savor? Do you know what's in the recipe for debt free living?

Here are the ingredients.

1. 2 cups self evaluation 2. 1 cup self discipline 3. 3 or more cups self control d) 1 cup self monitoring ingenuity by the handfuls f) determination as needed

Keep reading to learn the directions.

Use a 1 cup self evaluation to track spending habits and the other cup to determine what type of budget suits your personality and level of budgeting tolerance. A good and honest grade should be used for self evaluation. Take a good look at your past budgeting habits (failures and successes). Try choosing an easy budgeting method that suits you. You would want to prevent your debt free recipe from falling.

To your debt free living goals and your personal budget plan, try adding self discipline to stick to it. Depending on what grade of self evaluation you've used, this should mix in with minimal effort.

It's likely that all 3 cups of self control is what you will need to stop overspending, wasting money, making impulsive spending decisions, and creating more debt. Don't be stingy here, use as much as you need. The tastier the result would be if you used more self control.

Throw in a cup of self monitoring to track and maintain your budget plan and, monitor spending and goals. Be sure to mix it well. What you want is your mix of budgeting, spending management, and goals such as debt elimination, savings, investment, and wealth building to be complete and smooth mix.

The secret ingredient that will help your recipe rise to success is ingenuity. Use your resources to the fullest to trim your budget expenses and save money everyday. Recycle, reuse, reconsider, resell, and use a variety of money saving strategies. You should also avoid paying more than you have to for any ingredient in life.

Add determination as needed to keep your recipe for debt free living cooking. Until it's done, keep cooking. Debt balance says zero when viewed!

You've reached your goal to eliminate debt. Now, you can enjoy the taste of true freedom and rejoice with a huge slice of stress relief.




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