financial independence

Step 3. Find ways to cut back on expenditure.

You might be surprised at what you can save.

Make a list of all of your current expenses. This includes all your shopping, hobbies, magazines, newspapers, treats and everything else.

Then take a look at the list and remove all non-essentials. Be honest with yourself! Its hard to go without little treats, but in the long run you'll be doing yourself a favour.

Step 4. Contact your creditors.

If you just can’t keep up with your payments, don’t be afraid to contact your creditors. They will try to help you. It costs them much more if you default than it does to work with you, so they have just as strong
an incentive to work something out as you do.

If you’re having trouble meeting your payments, tell them. Be realistic about what you can afford. You may be able to negotiate a new payment plan that you and
your creditors can live with. It’s much better if you contact them first. If they do take you to court it also looks better if you've been making "token payments" no judge would expect you to pay what you can't afford.

Click here to read about debt negotiation

When you and your creditor agree on a plan, be sure to stick to it and to keep in touch. This will earn you the trust of your creditors.

Some ideas for quick cash and increasing your income can be found here

some of this information was based on an article from Neccessary Virtues