Make Sacrifices to Reduce Debt
Debt is a drain on your current and future standard of living. Eliminating debt can increase your level of living now and in the long term. Eliminating debt can allow you to save for future goals, such as retirement.
With that in mind, take another hard look at your expenses. Through the section on cutting expenses, you have already made the easiest to implement savings. Now it is time to go one step further. Make sacrifices. What can you do that will save money or increase income?
Don't think of these as permanent changes. What changes can you make for at least a while?
Once you have eliminated your debt, you will be able to re-focus your efforts on your important goals. Keep those goals in mind as you work to reduce debt.
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