Debt Reduction and The Secret of How to Get There

The true secret to debt reduction is for you, the debtor, to be totally committed, absolutely 100% committed, to get rid of your debt entirely. Have you ever been absolutely obsessed about achieving something? Anything? Stop for a moment, reflect back on your life and consider a time when you were 100% obsessed.

Getting Excited About Debt Reduction

Perhaps it’s been a while since you attended college, and you were obsessed with getting higher grades. You attended every seminar, lab and class and you maintained copious notes. You read way ahead in your assignments and focused clearly on your studies feverishly. You studied early enough in the semester so you weren’t caught unprepared at the times for mid-terms or finals. Your family and friends knew better than to want or expect you to just hang out with them or to slack off from your goals.

Perhaps it was a car you were truly excited about. You looked up pictures of it in car magazines or on the Internet and read reviews and reports about it. You read the owners’ club books and craned your neck every time you saw a car just like it drive by while you were cruising around town in your shabby, boring older car. You saved and sacrificed, and put away all the money you would need to buy your dream car. Then came the proud day when you purchased that car, and it was all yours.

Getting Obsessed About Debt Reduction

Debt reduction takes that kind of commitment, dedication, and, yes, obsession. You should be thinking 24/7 about how you can reduce your debt. As you step onto the bus or train to commute to work instead of driving, congratulate yourself on the money you are saving on gas and parking.

At lunch, when your co-workers spend $7 to $10 or more on sandwiches, salads, and hamburgers remove your sandwich or salad you brought from home out of your lunch bag and pat yourself on the back for reducing your debt by $50 or more per week, over $2,600 per year to be used for debt reduction!

After getting home from work, enjoy a movie….on DVD. Save up to $20 or more by watching a movie at home rather than going out to see one. Have dinner, and indulge in dessert if you wish, at home. Is there someone who can teach you how to cook if you don’t already know how? It is definitely worth asking!

Track Your Changes

Keep a notebook or journal of your quest for debt reduction. Write down every cent you save, so you will know that your minor efforts have been worthwhile. At the end of every week, add up your savings and write a check for the amount you have saved. Use that money to achieve your goal of debt reduction by applying that sum to your highest interest credit card.