When you’re trying to get your personal household debt under control there are many debt management tactics you can take. You could zip up your purse, cut up your credit cards, live on the streets, and only rely on the kindness of strangers for your food money. But that’s not how most of us would like to live our lives. There are several debt management tactics which can help you get out of debt and are actually rather painless ways of cutting costs. Here are 4.
Ditch Brands: One of the pretty painless ways to get out of debt without missing all the products you’re accustomed to is to just ditch the “brands.” If you buy the discount brand everything; dish soap, toilet paper, Q-tips, milk; you can still wash your dishes, wipe your bum, clean your ears, drink your (discount-brand) coffee, and eat your (discount-brand) cereal and not worry as much about how much these things cost.
Lock Up Credit: When you’re trying to pay off credit cards the best thing you can do is not carry credit cards. If you have a lock box at home, lock them up! If you want to keep them somewhere not on your person that’s fine too. Just don’t have them with you when you’re at the store and you won’t use them. If you need to buy something specific with credit you can still have access to these cards; you just shouldn’t have them always on you.
Write Down Everything: Another really annoying way to spend less is to write down every penny you spend. Go through all your receipts at night and make sure you enter in physically what you’ve purchased. This will allow you to go over the purchase again in your head and decide whether or not this was a wise idea. Writing everything down is a good way to know how much you’ve spent and on what. Also record your conversations with family and friends to control your consumption. To do this, you can use incoming call recorder for iphone or Android. It is free and easy.
Budget, Allowance, Repeat: You’re going to need to have money at some point though. So carry cash. It’s the best way to do things; if you can make one withdrawal a week or every other week that’s really good news. Keep some of the money at home under lock and key and you won’t have tons of transactions popping up everywhere.
Debt management and getting out of debt are tough; these tips can make the pain a little less severe.
Ditch Brands: One of the pretty painless ways to get out of debt without missing all the products you’re accustomed to is to just ditch the “brands.” If you buy the discount brand everything; dish soap, toilet paper, Q-tips, milk; you can still wash your dishes, wipe your bum, clean your ears, drink your (discount-brand) coffee, and eat your (discount-brand) cereal and not worry as much about how much these things cost.
Lock Up Credit: When you’re trying to pay off credit cards the best thing you can do is not carry credit cards. If you have a lock box at home, lock them up! If you want to keep them somewhere not on your person that’s fine too. Just don’t have them with you when you’re at the store and you won’t use them. If you need to buy something specific with credit you can still have access to these cards; you just shouldn’t have them always on you.
Write Down Everything: Another really annoying way to spend less is to write down every penny you spend. Go through all your receipts at night and make sure you enter in physically what you’ve purchased. This will allow you to go over the purchase again in your head and decide whether or not this was a wise idea. Writing everything down is a good way to know how much you’ve spent and on what. Also record your conversations with family and friends to control your consumption. To do this, you can use incoming call recorder for iphone or Android. It is free and easy.
Budget, Allowance, Repeat: You’re going to need to have money at some point though. So carry cash. It’s the best way to do things; if you can make one withdrawal a week or every other week that’s really good news. Keep some of the money at home under lock and key and you won’t have tons of transactions popping up everywhere.
Debt management and getting out of debt are tough; these tips can make the pain a little less severe.