Is your New Year’s resolution to become debt-free in 2017? Reaching that goal is so much easier when you have Debt Free with Armani on your side to offer the support, assistance and advice guaranteed to streamline your journey towards achieving long term financial health. After a blissful (yet expensive) festive season, here are some of our top tips for getting back on your feet this January and ensuring a happier, stress-free year to come.
Know what you owe
Having good intentions when it comes to straightening out your financial woes is one thing… actually knowing exactly what it is you owe, and just how much you can afford to pay back every month, is another. That is why you should make sitting down and drawing up a clear plan of action a top priority before another cent leaves your bank account. Draw up a detailed list of your creditors and place them in order in terms of which repayments are most urgent. Note: Opting to pay off the smaller amounts that you owe can help to reduce the pressure before you begin tackling those larger, more intimidating numbers.
This is a piece of advice that you will hear every time you seek financial guidance… and for good reason! A budget provides you with clear insight into your cashflow and can help make it easier to control your spending. You will also be able to see what your debt situation will look like in the short and long term future if you are strict with yourself when it comes to sticking to your budget.
Communicate with your creditors
Creditors have a tendency to nag – and rightfully so. You do owe them money, after all. Unfortunately, this can be incredibly stressful and cause you to panic no matter how concise your debt-free plan for 2017 may be. As a result, it would be wise to communicate this new plan to each and every creditor, making sure that they know exactly what they can expect from you in terms of repayments, and when. This knowledge is likely to keep their phone calls and letters to a minimum going forward.
Consider debt counselling
Managing a financial crisis on your own can be worrisome, emotional and challenging in every way possible. It can take a toll on your mental health and on your personal relationships. Knowing this, getting professional help is always a good idea. With reliable debt counselling, you will receive the guidance and information that you need to navigate your way to financial freedom faster and more efficiently than you ever thought possible. Here at Debt Free Armani, we will work on solving your problems together. Here’s to a stress-free and debt-free 2017!
For more information about how our unique debt counselling services can benefit you, click here.