How to Reduce Debt by Being Smart With What You Have

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span class="cap">I      down, or in need of a treat, or
can see you rolling your        do you cruise the infomercial
eyes now, ‘How To Reduce        channels and e-bay from the
Debt By Being Smarter With What       comfort of your lazy-boy buying,
You Have’, you’ve heard it all        buying, buying?

before, it’s a real no brainer,

But you’re not off the reduce
who doesn’t know that? But the        debt hook yet. Check out your
trouble is most people aren’t         book shelves, wardrobe, kitchen
actually doing it. And here’s the     cupboards and garage for those
kicker, debt can be your very         ‘things’ you just had to have,
unpleasant companion no matter        those ‘things’ you just couldn’t
what your income, so it’s not         live without. How many books have
just about what you earn, it’s        you bought, maybe on how to
about how you manage what you         reduce debt, and never read,
earn.                                 clothes that looked great in the
One of the best ways to reduce        shop but you’ve never worn,
debt is to repair the money leak      gadgets you’ve used once and now
that’s caused by your spending        live in the back of the cupboard,
habits. Let’s take a moment and      electric tools that gather dust
check them out. For instance, do      in the garage, and the favorite
you buy on impulse, do you buy        of every e-bay or infomercial
things you don’t really need, or      shopper, fitness equipment. Come
buy to keep up with fashion, your     on, I know you must have at least
friends or even to keep up with       one piece of fitness equipment
the neighbors. Are you digging        lurking around covered in dust,
yourself into a financial hole as     you could reduce your debt by
you wander around the mall buying     selling these things on e-bay to
whatever takes your fancy. Do you     someone just like you!!

take yourself off to the stores

But back to what I was saying,
when you’re feeling a little if any of this rings true for you

then it’s time to do whatever it      thing. Let’s say your ‘thing’ is
takes to put things right. You        going to cost $60, and you’re
know that continuing down the         paid $20 an hour, you’d need to
slippery slope of spend, spend,       work 3hrs to buy that ‘thing’.
spend, is only going to make your     But hold on a moment, the $20 is
financial dominoes fall even          your pre-tax hourly rate, and
faster. Do you follow me so far?      let’s say you pay 25% tax, that
Quite simply if you don’t make        means you'll need to work 4hrs to
some changes to your spending         buy that thing, is it worth that
habits, nothing will change, your     to you? And this might be hard to
debts will stick to you like          swallow, but do you have other
glue, and what’s more they will       debts you need to pay off before
grow. Now I’ll concede that           you buy any more things?

change isn’t always easy, and

Let that sink in for a minute.
squeezing those ‘’reduce debt         Well OK, the 4 days have passed
strategies’’ into your time table     by and you still want this thing.
may not sound very appealing. But     If you still believe you must buy
here’s a suggestion to get you        this thing, consider this before
started on reducing your debt         you go get it. Can you get it for
that only required one thing,         a better price somewhere else,
inaction.

can you rent it, borrow it or

Here’s how easy it is. If          modify something you already
there’s something you want to         have. Can you get someone to buy
buy, no matter the cost or who        it for you as a birthday gift
it’s for, just wait, yes that’s       (why not?) hey you’re here to
right, don’t do anything, just        reduce debt not to add to it so
wait. And wait for at least 4         I’m pulling out all the stops.
entire days. While you’re waiting     Now only you know what your
calculate how long you’ll have to     budget can stand, so if you still
work in order to pay for this         want to get this thing after all

of that, and your budget can          income-while-you-sleep.com has
stand it, then go get it. But         coached people in the skills of
remember you came here to reduce      ‘How To Reduce Debt’, she knows
debt not to add to it. A few last     that increasing income packs a
words of encouragement, read this     powerful punch in this process,
again and then read this again.       to find out more about earning 5
Good                                  separate streams of income
Luck.

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