Many people have made New Year's resolutions that they have already broken.

Characteristics of Debt Free People

However if you have made the resolution to become debt free it's not to

late to start over for this year.

With your credit cards, student loans and sky rocketing utility bill each

month it is hard to see the light of day.

Believing that you can never be debt free.

I recently read an article about the characteristics of debt free people.

Source MSN Money – 10 Characteristics of Debt-Free People

It got me to thinking how we can apply the characteristics of debt free people right now.

Characteristics of debt free people starts with them paying attention to detail.

Every month you should be opening your mail and going over each bill.

Characteristics of debt free people is they know their stuff.

Meaning that they do research on their finances and the things that affect them.

They pretend to make less is one of the characteristics of debt free people.

According to the article you can pretend to make less with your budget.

You have to start to live off of less than you make.

This will help you save money for vacations, retirement, and etc.

Characteristics of debt free people includes thinking long-term.

Many of us shriek with fear when we hear long-term  regarding our finances.

This is especially true when we get a lump sum of money.

impulse shopping can take hold of us.

Causing us to pay high interest rates on those purchases that we can plan for later.

Another of the characteristics of debt free people is they will ask for help.

When they have a late payment they will ask a creditor to waive a late fee or not report it on their credit report.

One of the major characteristics of debt free people is that they save money.

No matter if it is a regular pay check, bonus, gift or income tax refund a debt free person is going to save.

You can set up a second direct deposit from your pay check to your savings account.

It's easier to save if you don't see the money before you get your pay check.

Characteristics of debt free people is setting goals.

We can do this with all major purchases, vacations, and retirement.

Becoming debt free should be a primary goal.

Knowing what you are goals is makes it easier to achieve.

Saying no is one of the characteristics of debt free people.

This includes telling yourself no when you want to treat yourself to something that will blow your budget or cause you to incur

debt .

Characteristics of debt free people is knowing the value of money.

Many people use a debt card as if it were a credit card.

The article suggest using cash.

I agree with this idea.

When you use cash you are more likely to try to hold on to as much cash as possible.

Once the cash is gone its gone.

There are many different characteristics of debt free people.

You must make up your mind today that you are going to be debt free.

That starts with changing your mind-set regarding your finances.

You must make a permeate decision that you are going to be debt free.

Do you have characteristics of debt free people???

Your Financial Coach,

Renee Lawson