Methods for Relieving Personal Debt

In today’s world, it only takes a couple of financial missteps and most individuals will get themselves in financial trouble. One factor that illustrates this is personal debt, or, to be a little more precise, overwhelming personal debt.

For some individuals, stepping out of debt simply requires tightening the household spending budget and being stricter on new purchases. For others, the task to get out of personal debt could be more challenging. In any case, the greatest self-help plan for alleviating personal debt is planning ahead and discipline.

The initial step to alleviating personal debt would be to discover where you stand. Make an earnings list and a cost list. On the earnings statement, list all your income. On the expense statement, list all your current bills. As soon as this is finished, subtract the expenses from the earnings and you should have your disposable revenue. For some individuals, this can be a negative amount, therefore you are spending more than you’re bringing in.

To be able to retain a clean credit file and keep a higher credit score it really is essential that you pay all your bills promptly. This is plain common sense, but what if you don’t have enough income to cover all your bills promptly? So what can you do?

When expenses are greater than earnings you have two viable choices. One would be to increase your earnings; another is to reduce the expenses.

There are various ways a person or family are able to find fast cash simply by cutting back on the amount that is spent weekly for household items and living expenses. For example, instead of buying lunch through the week, pack a lunch. Instead of visiting the theater, rent a movie and watch it at home. You might find that obtaining a part time job temporarily is a good solution to increase your earnings. The key is usually to monitor your savings and safeguard those savings so you have the money available at the end of the month.

In order to reduce the amount of money required to pay your expenses you might want to look at a consolidation loan on your charge cards. A consolidation loan enables you to bundle together several outstanding loans (which require an individual payment) and make a single payment, generally at a somewhat lower interest rate. The amount of the one transaction under a consolidation loan is usually considerably lower than the total of the several payments you were making previously.

Should you have any disposable income available right after paying your bills, you might want to choose the loan which has the lowest outstanding balance and start making double payments on that one particular account. As soon as that account is paid, you may use the cash that you would have been using to cover that account to help with making additional payments on another low balance account.

With some preparation and discipline, you can start to pay down your creditors and start to see some true improvement in your financial status. The critical issues throughout your self-help in debt reduction will be patience and diligence.

Tips For Improving Self Esteem


Self Esteem is how a person judges or values their worth. Quite often people have low self esteem because their trying to live up to someone else’s expectations of who or what they should be. It’s important to realize that we are who we are, everyone is unique and different and as long as we do what’s right we should live our lives without concern of what other think. Following I have listed a few tips that can help anyone improve their self esteem.


1. Don’t compare yourself to others. The number one item everyone needs to consider to raise their self esteem is not to compare themselves to others, whether it’s family, friends, neighbors or co-workers, don’t compare yourself. You’ve heard to old saying about The Grass Is Always Greener… well, it’s true; everyone is unique and has their own strengths and weaknesses. People will tend to focus only on someone else’s strong points, money, career, marriage, children but overlook their weaknesses. Be happy with whom you are and what you have, keep in mind that some of your strengths that you overlook may be something a friend wished they possessed.


2. Always keep your thoughts positive. Negative thoughts will breed low self esteem while positive thoughts will improve your self esteem. There is something good about everyone, so focus on your strengths and give yourself a pat on the back every day for your accomplishments. Even though they may seem trivial to us, everyone has great qualities that someone else would love to have, discover your great qualities and be proud of them. Have you ever heard someone say so and so:

  • Has great hair
  • Has a fantastic smile
  • Is a good listener
  • Is a hard worker
  • Knows their way around the kitchen
  • Is a fantastic parent
  • Is well liked

These are all good qualities that people posses and often don’t realize it. Take time to find what you have or do that others admire and congratulate yourself.


3. Do good deeds for others. Have you ever noticed how good you feel after doing something good for another person? It doesn’t have to be big, opening the door, taking out the trash, cutting the grass or volunteering a few hours helping the needy, just spending a few minutes each day helping someone else can make you feel good.


4. Provide Positive Stimulation. Take part in positive activities, something to make you feel good. It could be something as simple as reading an inspiring book, watching a great movie or listening to a motivational speech.


5. Surround yourself with supportive people. Far too often I see individuals with low self esteem hanging out with the wrong crowd. They tend to hang out with people that have qualities they themselves don’t have but desire and usually end up trying to live up to the expectations of the group which makes them feel bad about themselves. Instead, you need to hang out with people who accept and respect you for who you are and not someone you’re trying to become, this group will support and encourage you and help improve your self esteem.


6. Track your successes. Make a list of all your achievements and accomplishments regardless of how large or small. Taking the time to write down and review all of your successes can go a long way in improving self esteem.


7. Say Thank You to all compliments. Often times I give someone a compliment and they respond with No Big Deal or Think Nothing of It, basically their refusing my compliment and that’s a quick way to lower their self esteem. When you brush off a compliment (whether you realize it or not) your saying I’m not worthy of your praise instead, accept every compliment with a Thank You; you’ll feel good about yourself and you’ll help to build your self esteem.


8. List your positive qualities. I find that when I take time to put something down on paper it has a greater impact and bring things to light. Listing your positive qualities will help you realize the type of person you are and allow you to focus on what produces positive results in your life. This list doesn’t have to be extensive, just taking the time to think and write things down can be a huge benefit. Here’s what your quality list may look like:

  • Integrity
  • Humility
  • Compassionate
  • Caring
  • Giving
  • Honest


People often have low self esteem when they try to be somebody that their not. We all have our own set of strengths, weaknesses and talents. What we need to do is discover who we are and what we can do and focus on those qualities, as long as we’re true to ourselves and be who we are, we’ll find life to be more positive and enjoyable.