We looked at our monthly forevers and decided what we could do without for awhile…cable was one. We borrowed videos through the libray and intra library loan.
look for places you can let go of spending money …It is addictive though its fun to find those spots.My husband stopped smoking saved many thousands of dollars that way…you have to feel your own way through this…
Check to see if you can get a lower interest rate loan on your House mortgage 2 or 3 interest points lower is good.Make sure you have the loan officer check what your payments would be if it was a 25,15,10 ect year loan sometimes their is only a 20 to 50 dollar difference monthly between them. It is better to go for the lowest years you can .Also make sure there isn’t a prepayment penalty.
House insurance; do some comparisons….we found a company called Maine Mutual to be the cheapest for car and house ins.if you are under 50.
if you are 50 or older aarp can cut your car insurance bill in half but their house insurance was triple ours from Maine Mutual for the same coverage.
Ebay things you don’t use
yardsale anything you can
Our Credit card debt
Our credit was actually fairly good as dh paid mortgage and credit cards but nothing else… everything else was years and months behind….
so we would roll over our credit card debt to lower interest or non credit cards when the low or free interest time was about to be up he rolled it over to another low or no interest card and so forth.We always paid more on the cards each month.When we would get a sum of money in our hands we would call the credit card companies and make a deal… they settled for less because we would pay a lump sum payment which would pay off that card. It went on our credit report for 7 years as bad debt but since we had no plans of using credit we didn’t care of course all that has cleared up…. We did this till all credit cards were paid off…
if your credit is bad and your interest rates on your credit cards are high.Call the company and let them know that your are considering bankruptcy…..they will usually lower the interest and help you get straightened out. Very important to get the interest down……
We had personal loans and paid the minimums until they reached the top of the list.Paid it off and rejoice!!!!!!!
Any other debts you pay the minimum until it comes to the top of the list…
The morgage was paid off by coming to the top of the list and we took the monthly payment plus all the extra we had been paying on the other bills slapped it on there till it was paid off. .We also recieved some extra money during that time and all but 10 percent went to the debt.
This did not go off without a hitch…we had many major financial challenges but we stuck with the plan and it worked….
set your chin like flint….and you can do it!!!!!!!!!!!!!!!!!!!!!!!!!!!