Jeff Stalnaker

I mentioned a while back that I was trying to help my mother with her finances. Her major problem is one of debt. For years, she has literally lived on borrowed money and time. In my feeds today, I came across an excellent post at Dumb Little Man that details 20 or so guidelines for lifestyle changes and techniques for effectively diminishing debt. It covers all sorts of angles for attacking debt from living frugally to coming up with new sources of income.

Change your attitude: Like everything else in life, getting out of debt is heavily dependent on your attitude. Switch to a “Can Do” attitude. Stop giving into the victim mentality, or self-doubts of whether you can do it, or procrastination or whatever it is holding you back. Start attacking debt and don’t stop until its all gone.

While some of the tips seem a little contrived, I’d say this is a must read for anyone who is or wants to start working to eliminate their debt. I’m currently on track and seeing my debts dwindle. If I continue to follow good advice like that found in this post, I should be debt free (aside from the mortgage) in as little as 2 years!

This entry was posted on Thursday, February 7th, 2008 at 9:34 pm and is filed under Finance, Lifehacks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.