Most Americans owe several thousand dollars in unsecured debt. The source of this debt problem comes from people who are constantly spending more than their budget. Soon they find themselves living paycheck to paycheck with foreclosures and car repossessions just a couple of paychecks away, if that far. Debt problems create household tension, family stress, and can lead to divorce if not addressed.

The only sure way to eliminate debt is to change the way you think about money and spending. You must adopt the mindset of a Navy Seal on a top secret mission to be successful. Finance companies make millions of dollars from middle-class Americans and benefit from those who can afford it, at least for years. The madness must stop.

To eliminate debt, take a hard look at your finances. Includes the candy bar at the corner gas station. Add up everything you spend money on and label them according to their importance to you and your family.

Then take your accounts. You know how much you spend on energy, phones, entertainment, pizza on Friday nights. See how much money you can save by cutting these costs. Eliminating debt requires some sacrifices. Navy seal, remember?

Save on gas costs by eliminating extra trips to the store. Turn off cable/dish service. You need that monthly installment to pay off your debts. Control your electricity and water bill. Use only the minimum you need to live. Think of the Navy Seal. If you add up these savings, you could find an additional 50-200 per month that you just added to your income. This additional income will become your vehicle to eliminate debt.

Now take the smallest debt you owe. How long have you paid for it? Probably too long and the finance company thanks you for being such a good customer! You have found your first victim in your quest for debt elimination.

Take the extra income you found and apply it all to the first bill. Do this until the first bill shows a zero balance. Do not deviate from your course. Do not give up. Be tenacious in your search.

Once this bill is gone, sit back for a moment and enjoy your victory. Accomplishing part of your goal requires a celebration to acknowledge the fact. Enjoy the magic words “Paid in Full”. Give yourself a gift. Take your family out for a nice dinner. Buy yourself a new suit! The idea of ​​rewarding yourself only fuels the desire to complete your goal.

Take the money you no longer send to the first bill and start applying it to the second debt, the next victim in line. Do this over and over again until you are debt free. This concept works. You can do it.

To fully enjoy life, you must learn the life skill of living within your means. You’ll be surprised how much money you’ll save by not handing it over to finance companies. Family vacations, buying new cars with cash, splurging on new clothes without paying interest become goals within your reach. The fight between income and expenses becomes non-existent once you do not owe creditors. You no longer need to work as hard as before, it becomes a choice. When your income belongs to you alone, you’ll never need to visit a finance company for a loan or another credit card in your lifetime. Freedom from debt will give you the best feeling in the world.