Tips for Debt Redemption #3: The Skip and Pay Technology
Wellcome to another issue of Debt Elimination Hints - a new line on the blogs where I give you my favorite fast hints for leaving the debt load quicker. Today's tip is about what I like to call the Skip and Pay Technique. What I like to call the Skip and pay technology. If you are to get out of debt, it is necessary to have a tight budgetary framework and to adhere to it.
You' ll undoubtedly limit your luxury if you' re really serious about getting out of debt, such as getting your fitness studio subscription or your TV pack off or just not having as much of your meal of steamed food as before. If you want to stick to the course with paying off your debt, you need to make sure your budget proves real and allows you to have the uneven meal out or so you can buy this cafe on the way to work without feeling guilty. What's more, you can buy this cup of tea on the way to work without having to feel bad.
As the husband and I paid off the debt, we took 50 pounds a months as a couple to pay them off for social contacts. Had we not done so, we would certainly not have been able to comply with our budgets, and that in turn would have resulted in us being repeatedly depressed.
So, with your real estate budgeting rate, you can go about your lives repaying what you can on your debt and know that you are in full command of your outlays. This is where the Skip and pay technology comes in, which helps you settle your debt more quickly. Skip and Pay is where you deliberately choose not to have to spent any cash on this article that you have budgetized for this particular months, and use the cash you save to repay your debt instead.
Suppose you spent a whole months getting yourself some cash for a little something extra to eat. Because you don't go out very often, you look forward to it and have it budgeted so you don't have to commit guilt. You will then see the blancmange screen and you can choose to skip and pay game.
However, if you want to skip it to make better use of your cash, you can simply settle your debt with that cash instead. Whether it's just a small amount of cash you're going to withdraw doesn't really make a difference - it all totals up faster than you think.
You make your groceries purchases every month and you work according to your customary schedule and your budgets for this area. Your expectation is to be spending 200 pounds on groceries, housewares, restroom supplies, etc. - with a few stores loaded at the end of the months. So why not try this technology by skip your regular tokens and instead buy tokens for articles for which you would not normally do so.
Would you mind leaving out your normal toilet water and your conditioning and buying a cheap one instead? If you can jump over certain articles, you can use the saved cash to settle your debt. In order for this technology to work efficiently, you must repay the amount of cash you have "found" on the same date for your debt.
Failure to do so may mean that your life saving can only be used to eliminate the gray areas of your household and never be seen again. It is a really good way to overpay your debt without having the sense that you have forgotten your house. From a psychological point of view, you are as if you are succeeding with your debt repayments without making things too hard for yourself.
Hopefully you have found this debt relief tip useful! Don't miss to join my buying guild on Pinterest for many more hints like these! You will receive the e-book "The Gift of Debt" in your mailbox within a few mins.