a guest post by Michelle Dunn
(www.bizchicksrule.com) — Earlier today, we talked about credit reports and credit scores. Now, let’s talk about managing your money.
How can I increase my income to pay more on my debts?
When I was getting divorced I ran into a bad situation and turned to a credit counseling service that was a scam and I spent money I didn’t have that never went towards any of my debt. Be very careful of credit counseling services, make sure they are non-profit and check all of their references, including the better business bureau. Talk to some of their customers and make sure they are legitimate.
You may not be able to increase your income (unless you get a second job), but you can increase your available resources by cutting back on what you’re spending. Some of the things I did to increase my resources were to cancel many things I had but that weren’t necessities. For example, cancel cable television, cancel cell phones if you won’t be charged an early termination fee, or cut back on all the bells and whistles such as call waiting, call forwarding, caller ID or anything you can live without, and we can all live without a lot more than we think.
