Debt Free Strategies

Becoming debt free is the main objective of many people who have build up credit debts, over the last few years.

It is a worldwide problem and in the UK steps are in place to protect those people who opt for protection under the Individual Voluntary Arrangement (IVA) scheme. For a full detailed report on the new code of conduct with regard to the IVA, I would suggest that you read the following, which comes into effect from February 1st.
http://www.guardian.co.uk/money/2007/dec/16/debt

However, according to the Press Association, banks are actually pressurising people to take our further loans to clear off the debts they cannot afford to pay now. What a vicious circle. You can check out their report here ...
http://ukpress.google.com/article/
ALeqM5j5N4Ro7v7P5OBszxBDSKC2yKdRuQ

Obviously there will always be people who slip into debt through no fault of their own, i.e. health, redundancy, recessions etc. but in a lot of cases debt is due to one thing only and that is bad financial management.

I certainly believe that financial management, or budgeting, should be taught from a very early age and in school. It should really be part of the curriculum. The reason why I believe this is because during a period of my life, when helping others with their business plans etc, I was surprised to find that a lot of people did not even know how to fill out a cheque!

Amongst some of the ebooks I have written, you will find a simple system of generating money at http://www.ez4u2gowebbusiness.com/indexmain.htm - this is an eBook which I am going to relaunch and for anyone who purchases it, they will get the updated new version.

It is definitely one way of becoming debt free.

Aine
Debts Challenge