Economic Collapse Survival Guide for the coming Financial Crisis Reducing Your Debt

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Reducing Your Credit Card Debt
The First Step In Economic Survival

Start a Debt Reduction Plan Today

Ways To Reduce Your Debt
Reducing your debt is extremely important if you are going to survive an economic collapse. If you are like most people in America, you are living way beyond your financial means. Now is a good time to take a step backwards, and review your overall financial situation, and put it on a diet. Develop a workable budget and stick to it. Remember to include at least 10% savings into your budget, more if you can do it.

This might involve selling off your second car, motor home, RV, or boat. Move to a smaller home, downsizing your lifestyle, refinancing your home mortgage to a 15 year loan instead of a 30 year loan, paying off your mortgage faster, and get rid of all those credit cards. If you use your credit cards, pay them off each and every month. Stop paying those high ridiculously credit card interest rates. Start by paying down the highest interest rate cards first.

Take control of your personal finances. Try to be as independent as possible. Stop relying on the U.S. Government - because they won’t be there to help during an economic collapse crisis.

Try and save as much money as you can. Most people live well beyond their means. Learn to live below your means, and you will start saving automatically.
Reducing Your Credit Card Debt

A Dozen Ways to Reduce Your Spending

• Car pool or take public transportation to work - Keep your tires inflated.
• Drive your spouse to work - try to eliminate that second car.
• Pay extra on your mortgage to pay it off as soon as possible.
• Have an empty room in your house? Take in a roommate or a college student.
• Sell off unused items on ebay or at a garage sale.
• Take a part time job in the evenings or on weekends.
• Put a timer and an insulation blanket on your water heater.
• Cancel Expensive Club and Gym Memberships.
• Stop Smoking - Stop Drinking - Stop Eating Out.
• Cancel your Cable TV - Watch FREE TV on the Internet. Buy a Roku Box.
• Cancel or Reduce your Emergency Cell Phone.
• 911 Calls don’t require an active cell phone service.
• Cancel newspaper and magazine subscriptions - Read the NEWS on the Internet.
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Reducing Your Debt
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