The first thing to do when a debt is likely to stop the bleeding. A beautiful plan debt repayment is useless if it is to relapse, again spend more than you earn, and generate new debts. It is certainly easier said than done. Some economists estimate that out of debt it is difficult to stop smoking. Here are some tips for not spending more than we can afford it, which can be applied to both people in debt to people wishing to become rich.

1. Be liquid. For your daily expenses, calculate how much you can afford to spend each week. Remove each week the money in cash. If you are spending your cash, you make better purchasing decisions. Out 10 euros or 300 euros in cash, it is not the same thing. The difference is visible. Out 10 euros or 300 euros with a credit card, request the same action: enter their PIN. In addition, you are setting a limit, the amount of money removed every week when you run out of cash, you stop spending.
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You want to be sure that your debts are under control? That things are not going to get worse? Here is a list of nine habits to avoid:

• Do not check your credit records,
• Forget to alert your creditors in the event of financial problems,
• To think that “budget” is a dirty word,
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You are in debt and looking for a good way to get out once and for all? Here a different strategy, in detail, what can you recommend somewhere else. For repay its debts is as much about emotion and psychology of mathematics.

Do not go into debt any more. Are no longer fund any purchase. Destroy all your credit cards, they only serve to push you further into debt. Stop any subscription automatically debit one of your credit cards. Stop using credit. This is critical.

Ask a better rate. Then call each company to whom you owe money to negotiate better reimbursement rates. First, find a better offer on the internet and use it in your argument. It may be that the company refuses, but at least you tried.
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Do you think that the debts are to be avoided at all costs? Perhaps you are in debt and dreaming you no longer have debt? Myself, I’m very happy to have absolutely no debt today. Financial independence is a goal, but some debts can be useful. A debt is not inherently bad.

Only assets that increase in value. Financed by a loan your home, a home that you rent, the studies that will increase your salary , the creation of your business, are examples of good debt. You could probably not buy these goods without credit and they’ll bring back more than the cost of credit. Often much more.
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You just touch a premium, or at least a certain amount, and you hesitate to use it. Is it better to invest it, make it fruitful for you closer to your goals? Or is it better to pay off your loans early, to get out of your debt faster? The simple answer would be to compare the returns of these “investments”. -Is that the rate of your credit is higher than the expected rate of return for your investment? But it would forget to take into account all your risk.

Three options. Normally you have three options to consider. You spend the money to please you, in which case you lose money. You invest the money in the long term and hope for a gain of 10%. You repay your debt on your credit card at 16.9%. Whatever the numbers, the fact is that this is not to know what is the best performance, because the answer is quickly seen.
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This is the crisis and economic activity decreases. Many people lose their jobs or see their incomes melt away like snow in the sun. How to cope if you have debts to repay? A reader asked me over this issue today by mail. I think many readers would be interested in my response to this article which can lead to a discussion with other opinions. I’m not in this situation today but I also know that an outsider can easily take a step back from such a situation. And if these financial difficulties accounted for just the right opportunity to become richer?

1. The psychological aspect

I know it’s cash you need. But come to think of five minutes, you will understand that the way you look and see things changes everything. I know people who find it normal to be short every month. Personally, if I do not have my money ready precaution in case of need, it becomes my number one priority. As if I were at risk financially. A few years ago I finished, like many, the month with my bank account close to zero. Your approach to things changes your priorities and therefore your bottom line.
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The situation is not simple. Here’s how, a priori, I will attack the problem, in order:

1. Spend less than you earn. The first thing to realize, in my view, is not to create new leaks before thinking of money to plug the existing ones. It does no good to pay your debts if it is to create new ones. You can start by canceling your credit cards, to be sure not to fall again. But the only way to pay off debt, as to become rich is to spend less than you earn. This requires that you know how much you need to live each month. Can you reduce as much as possible each budget item. You will then know how much you have left each month to pay your debts and put money aside for the unexpected.
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This is a taboo topic oh! They say it is easier to talk about sex than about money. Yet it is part of our daily lives and is inevitable in our personal and professional development. Maybe do you ask for a raise. Or you have to negotiate a new contract? Sometimes more difficult, you are self employed and you must justify the provision of services for which you bid.

In all situations, you must avoid at all costs to enter a negotiation dangerous. As soon as you touch the money, the quarrel and susceptibility are not very far! It often reflects the money supply by the value that there is agreement or of the value that others have of us … is not it? That is why, when sees a financial discussion on the horizon, it must be solidly prepared.
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Currently many ads can be seen in the media offering reunite all debts and reduce total cost of such financing.

This practice of reunification is not new. Banks, thrifts and credit unions has always been at risk of default or problems announced by its debtors to meet their compliance obligations, provide alternatives for customers to modify the payment terms agreed upon and overcome a difficulty supervening to meeting their various payments.
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After the end of year celebrations and New Year, some people find that their bank accounts are empty, and they even have debts overwhelm. This kind of thoughts full of doubts and fears about their financial future and life in general.

Many do not even have jobs and others have jobs that barely produce enough to lead a life below the average.

Although many excuses that times are difficult, the truth is that all civilizations, from ancient times lived the worst of times. Are recounted in the Bible times of scarcity in which a mother ate her own child.
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