In the coming year, we all have some changes we would like to make whether personal or professional. Credit is a big issue for all, and many of us are setting goals, cutting up credit cards, and living more frugally in order to make it happen. So, in the coming year, for those who aren’t sure where to start I have a few simple ideas for you to jumpstart your new outlook for 2011.
If you are in credit card debt up to your eyeballs, the only way to get out of it is to stop using them. Cut them up, and pay more than the minimum due if you can. If you are struggling due to unemployment or minimal cash-flow and you are under the seamless pile of debt, call the credit card companies and tell them your situation. Some of them will be more willing to work with you than others, but the best way to handle this is to get ahead of the problem.
The next step is to pay more than you can every chance you can get. While jobs are few and far between, some places are willing to hire for part-time work. Still, these jobs are really hard to get, and it may come down to you parting with items you love in order to raise the funds to get the debt down and out of your life. A friend of mine who is an avid reader has sold several of her books on eBay. She read them, but because they were shelved they were in good shape and completely capable of being sold. Now, this may not apply to everyone, but we all have something we collect and we could probably stand to get a head start on our spring cleaning.
All in all, do what you can. I know that not everyone will have this advantage, but you have to start somewhere. You never know what is around the corner but with much determination and working together with others you can make it happen.
-Mayer Dallal
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