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Hi my name is Lawrence Jonathan and I am on my way to become a 100% debt free man. On this site I will share with you my experience of debt enslavement and how I systematically cleared my debt one by one. If I can do it then you can do it also. It does not matter in what financial situation you find yourself in. You can clear all of your debt and live a debt free lifestyle. How to Manage your Debt - Learn how to become DEBT free today!


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Home About Me My Debt Clearing Feedback
This Month I Managed To Clear 2 Accounts - Personal Debt

This Month I Managed To Clear 2 Accounts - Personal Debt

It feels good to clear debt. This month (March 2011) I managed to clear 2 clothing accounts and brought the balance to zero. If I can do it then you can do it also. Remember I had at one time had 4 maxed credit cards, 4 clothing accounts, cellphone contract, and lots of other loans and bills.

I had 5 debt last month and this month I have only 3 left to clear. It feels good to break the debt enslavement I experienced over the last couple of years. It was a viscious cycle, because I wasted lots of money on entertainment and unnecessary things.

I didn't use a debt consolidation company or even debt counselling or counsellors, but systematically cleared my debt one at a time, from the smallest to the largest one.

It does a take some discipline, budgeting and a will to clear all of your debt.Praying can also help by asking the Lord to help you in breaking your debt bondage and enslavement.

So the next 2 months I'm planning to pay half of my maxed credit card balance and also half of my last clothing account. I'm excited and looking forward to clear all these 2 in the next couple of months.

After this I will only have to clear one small loan and then I will be 100% debt free :)

I encourage you to start paying of your debt one by one today. Live within your means and don't try to impress people or try to be like the Jones's

If you want a quick fix and help you to get out of debt then get a debt counselling agency, counsellor etc. to help you.

 

 
3 Of My Personal Debt To Clear - Clear Another Debt This Month

I Managed to Bring My Personal Debt Down To 3 Accounts

I managed to clear 2 of my 5 personal debt last month (March 2011) and the strategy was to clear the smallest debt first.

I always try to pay more on all of my debt monthly installments. As a result my personal debt come down quicker and I stay ahead with the payments.

It is now April 2011 and I only have 3 debt to clear:

  • Personal loan
  • Credit Card
  • Clothing Account

So this month I am going to clear my clothing account with one payment. Because I paid my installments aggressively I owe very little on this account.

So my plan is to clear it and give more than what I supposed to on the personal loan and credit card.

As you can see that I systematically and aggressively focus on clearing my debt one by one from the smallest to the biggest. So far this strategy is working for me.

 

Why I choose not make another loan to clear all of my debt

If I make another loan then I keep the cycle going and there will be more interest and fees involved. I prefer not to make a debt consolidation loan to clear my debt.

 

Debt Free

So as you can see that I am determined and focussed to clear all of my debt one by one from the lowest to the biggest debt.

If I can do it then you can do it also. So it is definitely possible to clear your debt 100% and live a debt free lifestyle.

 

 


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