No more debt.Q A I recently graduated from college in 2004. What is the easiest way to get out of debt? I have four credit cards, a car loan, car insurance, and an apartment. Over the next year, I would like to purchase a house but I don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. want to add to my financial burden. --C. Gilberry Via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the The good news is that you recognize that your financial burden is becoming overwhelming. The bad news is the process to eliminating debt is not necessarily easy, but doable. First, look at your income. Write down how much money you actually have coming in. Next, review your bills and write down the due date, monthly payment, total amount owed, and the interest rate. You can reduce debt by totaling all of your bills and subtracting that amount from your income. If the amount is positive, say $300, take a portion of that money and add it to the bill with the highest interest rate. The best place for you to implement this process is with your credit cards. Give yourself one to two years to get out of debt, then read our Homeownership series (March 2006-July 2006) to get started on the road to homeownership. Also, read Zero Debt by Lynnette Khalfani (Advantage World Press; $14.95). Mail your consumer empowerment em·pow·er tr.v. em·pow·ered, em·pow·er·ing, em·pow·ers 1. To invest with power, especially legal power or official authority. See Synonyms at authorize. 2. questions to Ask Your Advocate, BLACK ENTERPRISE, 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to sykest@blackenterprise.com. |
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