3 Ways to Lower your Bills and Reduce your Debt
August 18th, 2010 | 
Author: It’s amazing how easy it is to find yourself in a cycle of debt that makes us feel powerless and swallowed. With a few smart tips, you can reduce your bills, so you can actually pay more debt principle that you should, and finally find your own work your way out of the cycle.
Interest rates can eat a good amount of his salary every week, but if you can find a credit card with an interest rate that is only 5% lower than the card you currently use, you can cut the interest payment in half. So if you get this extra money you’re saving in interest and apply it to the amount of money you owe, you’ll find yourself closer to being out of debt with each passing month.
Take a look at your adjustable rate mortgage.
The low interest rates that homebuyers are currently enjoying will not last forever, and if you have an adjustable rate mortgage that you want to pay over the next 30 years could cost you a bit of added interest in the long term. Consider refinancing and getting a mortgage fixed rate locked, while rates are still low. Take the difference you will save and apply it to your credit card debt.
Shop around for new insurance.
With so many insurance companies vying for you to be a customer, it is easy to take advantage of great deals that will save you much money. Comparison shop and not be afraid to ask a company to match the rates of another company. The amount of money you could save each month can go a long way to pay your credit card debt.
Every time you pay a little more on your credit card each month that brings much closer the day when you will be debt free.
