Making the Decision to Solve Your Debt Problem

The Dollar 'Get Out of Debt' Course


Do You Have a Debt Problem?

How Long Will It Take to Solve the Debt Problem?

Your Home

Your Auto Loans

Your Credit Cards

Your Student Loans

Your Unpaid Taxes

Getting out of debt is not easy. Many try and fail. There are a variety of reasons why they're not successful. Most fail because they haven't thought the process through. They didn't have a plan. So they couldn't measure progress. They didn't have a goal in mind. In short, they weren't serious about solving their debt problem.

Are you?

Now's the time to answer that question. You already know from the last lesson how long it could take to solve your debt problem. You've been shown which debts to prioritize. In future lessons we'll show you tools that could help you make the job easier and shorten the time it takes to get out of debt.

But now it's time to make a decision. If you're married or in a serious relationship, talk it over with your mate. If you have children who are old enough to understand involve them in the discussion. Don't kid yourself. There will be some sacrifices that will have to be made. Some things that you like to spend money on will need to be left unbought. Some lifestyle changes will likely occur.

If you decide not to solve your debt problem we'll understand. Many do. But you should be warned that debt problems tend to grow until they consume a family. Money problems are the major cause of divorce. And having your car repossessed and your home foreclosed aren't pleasant experiences.

If you decide that you do want to solve your debt problem. Congratulations! You're on your way to a better financial future. One where you control your money. Not where money controls you.

Have you decided not to do anything about your debts? Here's what the future has in store for you.

Finally make a promise to yourself that you'll stick with it until you are successful. You might even want to write it down and post it as a reminder on your refrigerator. Maybe subscribe to our Financial Independence newsletter to help give you ideas to save money. Then head to the next lesson or choose from the Next Step options below and we'll start to work on your plan to solve your debt problem.

If you are working to get out of debt, our free weekly Surviving Tough Times newsletter can be a great tool. Each issue features great ways to help you stretch your dollars and make the most of your resources. Subscribe today! Or you can like us on Facebook or follow us on Twitter. Simply look for posts marked with #TDSGetOutOfDebtCourse to get helpful ways to make extra cash and trim monthly expenses so you can free up additional money to put towards your debt.

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