For many households in the U.S., debt is a part of life. In fact, the average home carries a total debt of $132,529. This number includes credit card debt, but also mortgages, car notes, student loans and other financial obligations. If you are one of the many people who have these financial burdens, becoming free of your debt may seem like a far-off, if not impossible goal. However, you can be free of your debt once and for all with a little dedication and possibly even help from a debt program such as Consolidation Plus.
Start with a Plan
If you want to achieve financial freedom from your debt, then you need a plan. Whether that debt consolidation plan includes the Consolidation Plus program or not, it is important that you set goals that are achievable. Not only should they be realistic, in order to accomplish them successfully, you should give your goals deadlines – and write them down.
For example, you could write “by the end of this year, I will pay off my department store credit card.” Look at this goal every day and keep working towards it. Think of ways you can make it happen, like packing your lunch for work and using the money you saved by not eating out to whittle down the balance on that card. Think about it, even if you eat cheaply for $5 a meal, that is $25 a week, or approximately $100 a month that you could put towards paying off your card. If you eat out regularly for dinner, try eating at home. Or, if you must grab food, look for coupons and other discounts. Many restaurants advertise significant savings on sites such as Groupon.
Speaking of saving money on your meals, your plan should also include a budget. For your budget to work, it must be realistic. You can’t cut out things like gas for your automobile, groceries, or other necessities. But you can reduce the amount you spend on some of these things. Take groceries, for example. Clip coupons, sign up for rewards cards and plan your menu around what is on sale. Most grocery stores offer sales regularly on the things that you need the most. There are also a number of ways you can save on gas. Look for gas stations that regularly offer lower prices, or fill up at a big warehouse store gas station, like Costco or Sam’s Club, if you have a membership.
If you have trouble sticking to your plan, ask someone to hold you accountable. This could be a spouse, friend, or another family member who encourages you and regularly checks in on your progress. When you have to own up to your actions with someone else, you are more likely to try to stick to your plan.
Sometimes, the amount of debt that you have is too much for a simple plan of goal setting and budgeting. There are times when you need help even getting to a point where you can set these types of goals. And that is where the Consolidation Plus program could help.
What is Consolidation Plus?
Consolidation Plus is an invitation-only unsecured debt consolidation program offered by the Freedom Financial Network. Freedom Financial Network is an industry leader in online financial services. It operates multiple companies that have provided hundreds of thousands of customers with successful solutions for debt, personal loans, and even mortgages.
The application process is simple. First, you will speak to a representative to determine if this exclusive program is a good fit for your needs. If you qualify to apply, you’ll submit an application and have an answer back within two to four days. Once you are admitted into the program, your debt resolution company will get to work negotiating and settling your debts.
Once your debts are settled, you simply make one monthly payment towards your Consolidation Plus loan. By combining this program with your plan to achieve financial freedom, you could be on your way to debt-free living sooner than you thought possible.