Instead of rewarding yourself with a new purse or a new television, determine to direct those dollar bills
towards debt reduction.
While credit cards remain a popular payment option for consumers, two consumer trends are working to dampen credit card volume: a broad movement
towards debt reduction, and greater use of alternative payment methods.
Not exact matches
1) Abandon the Norquist Pledge 2) State a commitment to work
towards bi-partisan
debt reduction, which will include a mix of taxes and spending cuts 3) Realize the populace is evolving away from religion - based politics and that it is time to formulate policy under a much bigger tent
You need to look at your
debt elimination -
debt reduction process as various steps
towards a long - term goal and one of the steps to that goal is to maintain your ability to earn an income and to whittle away at your
debt.
This will not only stop you from buying things on the card but the savings on interest can go
towards debt elimination and
debt reduction and keep away
debt recovery specialists.
Loan amortization is the
reduction of the auto loan
debt as regular payments are made
towards the principal and interests over a certain period of time.
Secondly, for
debt -
reduction vs savings, we calculate the savings in the «savings - rate» as being all money placed
towards savings & investments, but it also includes any payments made to pay down
debt above the interest accrued.
We choose to plow that into further
debt reduction and pick up even more momentum
towards becoming
debt free, but the key word there is choose.
If you want to reduce
debt than set up a
debt reduction plan and work aggressively
towards it, otherwise you will never be able to invest and save for retirement.
Our emergency fund provided a lot of comfort during our
debt reduction process — and continues to help us as we work
towards total financial independence.
For those already in a variable rate mortgage, it will either mean a
reduction in your monthly payment, or more money put
towards your principal
debt.