MONEY MANAGEMENT FEELS GOOD!

Getting out of debt and initiating debt management might be one of the best decision you could make, and I'm not talking about for purely responsible reasons - getting out of debt FEELS GOOD. It is stressful, even if you don't know it, and being debt free gives you more confidence, enthusiasm and energy to live life. It's not an easy process, but with the right tools anyone can get out of debt for almost free.

THE FIRST STEP IS THE HARDEST

Trust me, I know how hard it is to start something as painful as trying to get out of credit debt or reduce other debts. I have been there to. Sometimes not paying your debt off and ruining your credit almost seem like better solutions than actually taking the steps needed to get out of debt. The first step is, by far, the hardest; from that point on, it is just another "thing" that you do - easy, painless and greatly beneficial.

Tuesday, January 13, 2009

Getting your debt organized

There are many ways to plan something as important as your finances, especially in tough economic times, but the main idea still revolves around what works best for you. If your system envolves an accountant, GET ONE NOW, but if you can manage to find a few minutes everyday to get organized and prioritize your finances then mind mapping might be a great solution. Mind maps provide a user with easy to follow visuals to accompany any big project, that includes getting out of debt or paying off credit card debt. You will be able to create a mindmap that shows you the most important subjects, in a hierarchial outline, and the actions needed to make them happen all in a really easy to use "map". I would suggest breaking down your debt management plan as follows:

• Overall Debt
- Specific debt
• Monthly payment needed to reach your goal
- Specific debt
• Monthly payment needed to reach your goal

One great program for mindmapping is MINDJET. Mindjet will allow you to have great flexability with simple ease if use.

www.mindjet.com
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