prosperityseeker

I just finished my taxes and I realized that not only am I in debt for my personal  business but I am also indebt for my business as well. This is really not acceptable at all. With this in mind, I have decided that I will not only work on getting out of my personal debt  but I will work diligently to get out of business debt as well. If you find yourself in the same predicament that I am in, you may want to view my plan for getting out of business debt. Here goes:

1.    Once I have $1000 saved up for business emergencies, I will apply the debt snowball to my business debt as well as my personal debt.  Once my emergency fund is in place, I will set up these payments automatically.

2.    I will not charge up any more business expenses. If I can’t pay cash for it then I won’t be buying it, plain and simple.

3.    Any extra money that I receive will be used to pay off my business and personal debt.

4.    I will shop smart and always use comparative shopping for business and personal needs.

5.    I will not give up hope. I will get out of this financial mess that I’m in one step at a time.

Trackback URI | Comments RSS