I was surfing through some personal finance blogs and when I came across this one article on debt reduction, I just couldn’t resist. Sometimes we focus on just paying debt off, not realizing what the end result is: freedom, peace of mind, and less debt. It’s not only good for your financial health, but also your self-esteem.
Why don’t you start reducing your debt today?
- By paying off a debt, you’re giving yourself more dignity and achieving a goal that many people struggle with nowadays.
- Pay off one debt. I’m not suggesting something big, like a credit card. (If you can, though, then go for it.)
- Pay off that IOU to your friend or family member. See how you feel afterwards and set a goal to work another debt. It takes time and it isn’t exciting, but there a huge payoff when you get closer to true financial independence.
Write back if you accomplished that already or if you’re working on something right now.
Photo Credit: Per Ola Wiberg (Powi)