debt solution title

With Debt, there is ALWAYS a solution

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Debt sucks!

So many of us carry this burden around all the time, and its physically draining isn’t it? The following post has been written for my website to give you a few tips on how to get out of debt.

I have a free e-book you can download here too.

Bear in mind that you’ll need to get some expert advice if its all getting scarily on top of you. Please don’t suffer in silence. There are loads of debt advice services out there, such as:

Stepchange.org

Moneyadviceservice.org.uk 

Nationaldebtline.org

These are mainly UK-based, but search the internet for similar agencies in your country if you’re not from the UK.

Debtcamel.co.uk is full of helpful debt advice and knowledge and savvydad.co.uk has an article about a charity that helps to give families “breathing space” from their debt payments.

Good luck, and I hope this helps. Don’t ignore it, sort it out today! If you want some encouragement and support, you can chat to me in my private group of lovely like-minded people on Facebook.


Start now

If you have been in debt for a long time, you will probably be frustrated at just how much it holds you back. It is true that it can be incredibly frustrating, and worrying, just how quickly debt can worsen. But if you are serious about wanting to pay it off, the good news is that that is always possible. When it comes to debt, no matter how severe, there is always a solution to be had. As long as you appreciate that, you should find that you are able to deal with it in some way or another, and so get your finances back on track in no time. In this post, we are going to look into some of the ways you can deal with your debt, regardless of how large it might have become. But you have to tackle it NOW!

Consolidation

If you have a number of debts, then you might find it beneficial to consolidate them into one loan. This can be useful if you have a lot of organisations on your back trying to claim your possessions or just generally harassing you. With this method, the debt consolidation loan will pay off your debts, and you will instead owe the new lender the money. While you are still owing the same amount of money, it is only to one organisation, and you might find it easier to manage and to pay back over time. You will also not have those intimidating phone calls and so on to deal with, and that alone can make life much easier to live. This is not for everyone, but for some it can be the right solution.

Settlement

If you just want to settle your debts in the standard way, then you can do so – but you might find that it is helpful to have the assistance of the professionals. Fortunately, this assistance can easily be found, and it is worth remembering that if you want to pay off your debts as fast as possible. If you take a look at sites such as debtsettlement.co, you will see that this can actually be done much easier than you might have thought. This site is perfect for American readers of thefemalemoneydoctor.com, but if you’re from elsewhere, a simple google search may be all you need to find advice in your area. The moneysavingexpert has some brilliant advice too for UK readers. You can then expect to settle all of your debts much sooner than you might have done otherwise, and get your finances back on track much quicker too.

Budgeting

For lower debts, you can probably easily pay them off just by budgeting yourself strictly enough to be able to do so. While this is a challenge, it is the kind of challenge that you might find can actually work quite well, and you should be able to ensure that you pay off your debts at some point in the near future. Just sit down and look at your outgoings, and see what you might be able to change in order to make it easier to deal with. With any luck, you will be able to pay off our debts faster than you had ever thought, and this should mean that you can get back to living your life in the way that you want. There are plenty of methods out there, but the snowball method can help you pay off your debt in a way that doesn’t impact too much on your life.


Getting out of debt isn’t impossible

Its hard, yes, but not impossible. Fundamentally it comes down to WHY you’re in debt in the first place, and a lot of the time we must heal ourselves inside, so we can heal what’s going on outside. Remember: thoughts leads to actions which leads to results. If your thoughts are “debt-based” (spending every last penny you have, unconsciously spending, fomo) then you will stay in debt, even if you get out of it. Your thoughts need to become “freedom based” (saving, investing, spending money wisely) in order to stay out of debt for good.

Keep at it, and feel free to email me if you have any questions. [email protected]

I’m also on twitter, instagram, pinterest and of course, Facebook. So you shouldn’t have trouble finding me!

Until next time,

Come and Join the Money-Medics!

Every week I'll send you something inspiring, useful and fun related to our favourite m-word.....MONEY! I look forward to "meeting" you. Love, Dr Nikki x

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