debt reduction assistance

Another option for reducing your debt faster is to obtain a home equity loan. By using the equity in your home, you can obtain a lower interest rate loan and pay off your credit card debt. This interest is deductible on your tax form. (Please check with your tax advisor first as laws are constantly being changed.) However, remember you are putting your home at risk here. You must be responsible, or you can end up with high debt and, additionally, nowhere to live!
Change Your Spending Habits!
If you really want to reduce your credit card debt even more, you are going to have to change your lifestyle. Listed below are some things you can do to help reduce your expenses by changing your lifestyle habits:
- Consider creating a budget for yourself
- Reduce your miscellaneous expenses
- Leave your credit card home!
- Smoke? Quit! (Ex: You can save approximately $1,800 per year if you presently are smoking a pack per day!)
- Bring your lunch to work
- Borrow or burn your CDs
- Rent movies instead of buying them

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http://www.taxsaveronline.com/taxsavings/home-based-business-tax-strategy.html
Originally Posted on 6/21/2005 8:27:29 PM
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