Live Without Debt

No one wants to have debt; unfortunately for too many it is a reality.  It is so much easier to accumulate debt than to get rid of it.  There are ways to get rid of the debt that has been accumulated and to live without debt.
It has been said by experts over and over again, if you have more than one source of debt the debt with the highest interest rate should be paid off first.  This does not mean that all sources of debt except the one with the highest interest rate should be ignored.  Instead you should make larger payments than what is due for the debt with the highest interest rate.  The sooner you pay off any debt with high interest the sooner you can move on to the next debt source with the highest interest rate.  This will save you money in interest which will allow you to pay off your other debts faster as well. 
One good way to get rid of debt is to refinance your mortgage.  If you are able to move your mortgage from a 30 year loan to a 15 year loan it is a good idea to do so.  This will save you money on interest.  When you refinance you can often times get a better interest rate as well, which will help you to save more money, which you can put toward other debts.
Make a plan on how to best lower and pay off all your debt.  Having a plan for debt reduction and sticking to it is your best bet to getting your dent paid off and living without debt.  If you need help to create your plan then you have the option of consulting a financial advisor.  They are a wealth of information on how to make a plan and stick to it. 
Living with debt is something that no one wants.  There are ways to get it paid off and to move on.  You must be willing to stick to a plan that you create.  Once your debt is paid off you must have a plan to keep your debt gone.  Do not use credit cards if you do not need to and do not take out loans if you do not need to.  There is also one more thing to remember; save save save!

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