Learning to live debt free is easy. All you have to do is put certain measures into action and follow their progress. You cannot simply bury your head in the sand and hope that things get better. Being proactive is the key to success here.

Almost everybody has to live with debt, it just happens on varying levels of existence. Taking charge of your salary and putting it to work for you should be one of the first things you decide to do. Being able to put life into a financial perspective takes some training, but can be done.

The first thing you need to do is take drastic measures to eliminate your current debt. This can be by means of a consolidation plan or loan to bring down your monthly nut.  There are many free services available to you via non-profit credit counseling services such as the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit Counseling Services.

If you are really having difficulties with your monthly payments, you may consult with an attorney about filing for bankruptcy protection. Bankruptcy is not the end of the world and can be one of the best ways to get back on track by using the law to deal with your creditors.

Since we all work for the ability to make purchases and “bring home the bacon”, always look for ways to save money. Your employer would be a great place to start looking. Flexible spending accounts, retirement plans, and direct deposit of your paycheck can all work to improve your bottom line. 

You can pay for your health care on a tax-free basis, and allocate money into your flexible spending account to cover the costs that are not included in your medical insurance. Ever hear of pre-tax benefits? This is a highly effective method of saving cash. Look it up, the results will surprise you. Because this money is not taxed, it can only serve to better your life.

There is no hold on direct deposit of your funds. This means you can direct deposit your paycheck and pay for your bills on time, every time. This ensures you pay your bills on time and never forget a payment. Most times, recurrent payments are able to be made automatically, without the need for your personal involvement. Simply set your bills to autopay and that’s all it takes. 

Retirement benefits can also help to keep you out of debt. When the time comes, the ability to live off your retirement income will dictate the amount of debt you hold. 410k is a popular way of saving for the future and helps to level out your future debt. While leaving the work force at age 40 may seem improbable, it’s always a good idea to save for your future months. The amount of money you put away will determine your future financial livelihood. 

Think about what you spend to achieve the life you want. Are you spending too much here or there? Then use less of a product to achieve the same results. Much of the over spending we do involves using exuberant amounts of what products were designed for. For example, many people use two scoops of laundry soap when only one would give you the same effect on your clothes. Staying responsible in these ways will keep you low and even non-existent on the debt scale.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, LoanSafe.org. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.