Remaining Debt Free After You Consolidate Bills And Get Rid Of Your Debt
It is easy to rack up bills without even noticing how far in debt you have become. When you have a variety of different bills, you end up paying a lot in interest fees. That is when it becomes important to try to consolidate bills into one monthly bill. However, it is equally important to remain debt free after you consolidate bills and get rid of your debt.
Once you consolidate bills, you must learn how to keep from racking up new debt. One of the first ways to remain debt free is to get rid of any credit cards. If you have access to the credit cards, it is very easy to use them and quickly rack up the debt again. Therefore, it is important to close out the accounts once they are paid off.
Be sure to keep one credit card open in case you have an emergency. However, it is important to only use the credit card for a true emergency. Keep in mind that wanting something does not necessitate a true emergency.
After you consolidate bills, you should have extra money coming in each month. You will be saving a considerable amount on interest payments alone. Therefore,...
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