If the reason you are in debt is because you have a hard time actually paying your bills at all, there are three things you can do. These three methods really work. I have shared these techniques with many people and have received great feedback.
There are three ways that you can conquer your debt. The reason I came up with these three ways is because there are many types of people in my life. Some people have reservations about keeping a bank account (lived through the Great Depression and have a great mistrust for banks). Some people aren't computer savvy, but have bank accounts. Still there are others that both have bank accounts and can use interent. One of these methods may work for you.
Using Money Orders
For those people that have to go to the check cashing place to cash their checks, this is a simple way to get the debt paid down. Take your bills with you and make out your money orders at the window. If you can pay your utility, cable and phone bills there-use the service. Many of these people have a hard time keeping cash in their pockets. By the end of the weekend, their money is gone. This is a great way to stay on track and force yourself to stay on budget. If you have a rather large bill to pay, you can split the payment into the amount of paychecks you get. Then you make out the appropriate amount every pay period. This is a great way to pay your rent, mortgage or car payment. (By the way if your bank allows it, this is a great way to pay your mortgage and squeeze in an extra payment while reducing your interest!)
There were several people that I know that had a problem paying their bills because they spent it too fast (quick draw debit card). I suggested they send out their bills they day before payday. All they had to do was write out a check, send the bills and keep their checkbook balanced. This way they forced themselves to not spend the money. No one wants to have a check bounce! It helped them pay the bills and stay on track.
Using Automatic Bill Pay
For those that are computer savvy, there is automatic bill pay. It works even better when you have direct deposit. If you can have paycheck is automatically deposited into your checking account it works even better. Your payments can be scheduled around your paychecks. This works wonderfully for those that are on a fixed income. You can just have all the bills paid at once. No stamps, no envelopes, no hassles!
I hope that you find these tips helpful and that they accelerate your progress to get out of debt!
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