Let's talk about money - The first step to getting out of debts
Getting out of debts. We can establish that is something we all want and need, even you don't actively go after it.
Most people think about getting out debt but never got started because they do not know where to start.
Step one: Know how much you owe and who you owe.I was talking to a friend of mine not long ago. She was sharing how she would love to pay down her credit card and ask me how did I do it?
My first question was how much do you owe?
She had NO idea! She made the minimum payment every month but have no real idea what she owe.
Say What NOW?!?
Ok, I won't judge too much because that was me. I never knew how much I owe, I didn't even know who I owe, I was just paying!
It didn't make any sense. How can you ever get out of debt if you don't even know the debt?
We had a guest speaker come to our church once and he was speaking on wisdom, he talk about money and lot of other stuff, at the end of the message he gave homework.
Which was great since I'm a major nerd, I love homework. The homework was to call every single creditor and find out how much you owe and if there was a pre-payment penalty.
So simple, but it was a huge step toward my debt free journey!
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