Debt is something that is hard to recover from, but it is not impossible. And there are times that you need something that will motivate you to keep your eye on the target. A book I am reading talks about your perfect day. And in most cases your perfect day is going to involve money and it might also involve you being credit worthy. My perfect day is simpler than most, but many people want things like houses on the beach or vacations in exotic places.
These things will take money and debt will definitely get in your way. While there is nothing wrong with looking at the big picture and preparing to meet your goal part of the picture should include a plan for debt elimination. You can work on more than one thing at a time. Eliminating your debt and funding your perfect day fund can be going on that same time. But if you have a goal, it is easier to keep your eye focused on the prize. Reducing credit card debt and bad debt consolidation are two mthods of paying off your credit cards and getting out of debt.
Apr 8, 2010
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