Expert Debt and Credit Repair

Guide to Taking Stock Of Your Life

It never ceases to amaze me that the people who get into financial troubles in their life really have no control over their spending. Now I don’t mean that they are splashing out staying at lavish hotels and dining in five star restaurants all the time although some people have gone down that track. The majority of hard working people that become unable to meet their commitments are throwing money away by just not being aware that they can have the same things that they have now and yet pay considerably less each month for them.

Many years ago now I had to take stock of my life after an accident that decimated my finances and left me unable to work in my previous career. After just one week of relentless research on the internet I discovered that I could reduce my monthly expenditure by over $500 a month without any real significant change to my familys lifestyle. Now this totally blew me away because this was the very same amount that I was going to have to take as a pay cut entering into my new career.

I could give you a list of things to concentrate on but they are either completely obvious or unique to your situation and so look at everything you spend more than $10 a week on and see if you can come up with a solution to save you money. One thing that I saved a lot of  money on was my car insurance where I was able to save more than $100 every month. But you will be surprised at what saved me the most money each month.

Look at your electricity bill and make sure that all your appliances like the TV and the stero system are turned off completely and not just on standby. Not many people are aware that the new flat screen TV’s are the biggest consumers of electricity in the house and leaving them on standby does not stop them using copious amounts of electricity.

Your computer is another appliance that most people leave on standby just so they wont have to wait a minute while it boots up each day. Look at everything an decide if you want to have it in your life. We decided to forget about cable TV  and started watching Internet TV for free and discovered a whole new world of entertainment.

I was spending around $50 a week buying my lunch when I was working but found that I could take a fantastic lunch from home for less than $10 a week. And yes this was the thing that saved me the most money each month because it came in at $180 a month I saved by having a far nicer lunch that I prepared at home.

Speak to your credit card company and tell them you have been experiencing some difficulty in making the payments lately and ask if they could possibly reduce your interest charges for 18 months while you get your debts under total control. You will be surprised how quickly they will respond to you and agree to lower the interest rate because they will see you as someone who is genuine about making the payments and not going into default

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