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Debt Diet eCourse Week 4 - Make a Debt Plan

Make a Get-Out-of-Debt Plan That Works


Welcome to the Debt Diet eCourse. This five-week course will take you using debt to satisfy your wants and needs to getting started with a get-out-of-debt plan. You won't pay off your debt five weeks, but you'll have a foundation in place to get rid of your debt for good.

Lesson Index: Week 1 | Week 2 | Week 3 | Week 4 | Week 5

Make a Debt Plan

Now that you know how much debt you have, it's time to figure out how you're going to pay it off. Don't worry if you think you don't have enough money to completely pay off your debt. There are steps to help make the most of your income and get rid of your debt for good.

How to Set a Reasonable Debt Free Goal

Setting a debt-free goal that's too aggressive will only frustrate you when you can't make the payments you need to be out of debt in such a quick time frame. There's a right time to get out of debt and this lesson will teach you how to figure it out.

Prioritize Your Debts

When you read this lesson, you might argue that these debts are in the wrong order - credit cards fall at the bottom of the list. Compared to other debts on the list - like your mortgage - they're less important. Falling behind on your credit cards damages your credit, but falling behind on your mortgage payments does that and puts at risk of being homeless.

Six Debt Repayment Options

When it comes to paying off your debt, you have several options. You can pay it off yourself, you can enlist the help of a debt management company, or you can file bankruptcy. Weigh the pros and cons of each option before you proceed.

How to Make a Debt Payoff Plan

This is a guide that will show you step-by-step how to make a debt payoff plan. There's even a link to a free worksheet you can use to create your plan.

77 Ways to Get Money for Your Debt

As you put your debt repayment plan into action, refer to this list of ways to generate more money for your debt. Not all the items will apply to you. In fact, you may only be able to do one or two of the things on this list. But every little bit counts when it comes to paying off your debt.

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