How to rid yourself of Debt

Description

Credit Solution Program
Jamie R Pascual
Mind Map by Jamie R Pascual, updated more than 1 year ago
Jamie R Pascual
Created by Jamie R Pascual over 10 years ago
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Resource summary

How to rid yourself of Debt
  1. Needs to be paid First: Rent/Morgage, Utilities & Insurance. Then Groceries & gas. After: Groceries & gas, Then factor out
    1. Do without: Entertainment & dining out.
      1. Other methods to bring in Money: Selling things on Ebay,
        1. Credit cards for emergency funds maytake a bigger bite out of your wallet in the long run.
          1. Emergency Fund E.g.: If $3,000 a month is expenses then your goal is to save $9000 over the course of 2 years. That breaks down to $375 a month you need to set aside.
            1. Car Repair
              1. Unexpected visit to the Doctor
                1. Separate savings Acct: with automatic deposits as easiest
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