Cash Confident: Achieving Your Goal of Becoming Debt-Free

Here are tips from today's Cash Confident segment.  These will help you turn your financial goal of getting out of debt into a reality.

  • Find hidden money in your budget
  • Create a spending plan (includes all living expenses, debt obligations, and money for emergencies)
  • Involve the entire family in decisions
  • Tighten the budget belt (omit or reduce optional spending)
  • Consider selling assets
  • Stop charging and begin paying with cash or a debit card.
  • Get a part-time job and dedicate all earned income to debt payment
  • Create a firm plan in writing to pay off debt.