Goal To Be Debt Free

My parents gave me the opportunity to undergo university education as soon as I graduated from high school. Unfortunately, I did not apply for myself. Because of my immaturity and lack of wisdom I am not focused. Today I am much older, I married for 27 years, I decided to return to college education, with two beautiful daughters and 21 years military service (army retired). Our eldest daughter finally graduates from high school this year and financially knows that we can not return to school because we graduated from college, including our youngest daughter who continues university.

This year I started using 20% ​​of the pretax profit to repay the debt. My goal is to achieve debt free by the end of 2016. However, since I have never borrowed so far, I think that it is necessary to fix it temporarily or with current borrowings. Debt Of course, what happens if I use only 10% of my income for debts? It will take more than twice as long, but all this extra cash already exists for several months. I can use it for savings or filling in the checking account, so I do not think I will go bankrupt at the end of every month. "

For many Americans, the idea of ​​no debt is both an exciting and difficult goal to achieve. For many kinds of people, debt is no different. For example, you may be currently in debt and are working hard to prepare for your future debt. Or you may wish to keep this trend avoiding debt until this point. Anyway, the four rules to keep debt free here are as follows. It is a landslide to lose a credit card bill or simply pay some invoice. There is a way to catch up with you "Oh, I will do it next month." If you can not pay your bill on time and in full, you start to change your habits within time to reflect this. In addition, this is one of the easiest ways to keep you running. Set up as many automatic payments as possible, or set up a phone alert on payment date