{"id":1905,"date":"2018-06-15T03:00:08","date_gmt":"2018-06-15T08:00:08","guid":{"rendered":"http:\/\/kerryaclark.com\/?p=1905"},"modified":"2018-08-01T15:21:10","modified_gmt":"2018-08-01T20:21:10","slug":"only-a-plan-works","status":"publish","type":"post","link":"https:\/\/www.kerryaclark.com\/blog\/only-a-plan-works\/","title":{"rendered":"Only A Plan To Reduce Debt Works"},"content":{"rendered":"

Dealing With Debt – Part 8<\/span><\/h2>\n

What do I do if paying off my loans and debts just aren\u2019t possible?<\/span><\/span><\/p>\n

There is nothing more frustrating than wanting to achieve a goal, but the goal is too far out of reach. \u00a0It\u2019s so big that no matter how hard you try or desire it, it just can\u2019t be obtained in the short-term. Like you, Pamela and I want to be out of debt so badly, but some of those debts are just too enormous to get them knocked out within the next 2-5 years. \u00a0What do you do with those? You may have guessed my response by now… you need a plan. No matter what the goal looks like you need a plan.<\/span><\/p>\n


\n<\/span>What Doesn\u2019t Work?<\/strong>
\nI can name quite a few actions that don\u2019t work to reduce debts.<\/span><\/p>\n

\"\"<\/p>\n

    \n
  1. Ignore them<\/span>. \u00a0Ignoring your debt doesn\u2019t do anything. <\/span><\/li>\n
  2. Save up and pay off<\/span>. \u00a0Many have tried and most fail when you attempt to save up your money to pay off debts. \u00a0As life would have it, other needs arise that eats into your funds. It\u2019s a good idea, but a normal one, tried by many and succeeded by few.<\/span><\/li>\n
  3. Use your leftover fund<\/span>. \u00a0\u00a09 times out of 10 this strategy doesn\u2019t work. \u00a0You want to pay extra by using your leftover funds. \u00a0If you\u2019re like the majority, there are no leftover funds. \u00a0If you had such leftover funds, you would not be in this predicament anyway.<\/span><\/li>\n<\/ol>\n

    So what\u2019s the solution?<\/span><\/p>\n

    A Plan Can Work<\/strong>
    \nEverything begins and ends with a plan. \u00a0If you recall our <\/span>rent-a-center method to paying bills<\/span><\/a>, you can apply this methodology to small debts, bill-pay, and even large debts. \u00a0You have to find a way to make it simple and less of a pain for you and your family. \u00a0I have two suggestions that will work to help you reduce the debts you owe.<\/span><\/p>\n