Here is another stunning infographics from mint.com on 7 steps to pay off your debt.
All the 7 rules are time tested and hold so much gravity that you will end up nodding your heads while reading. It starts with the first golden rule of spending less than you bring home and includes others like lowering your interest rates; closing down loans in the right order; analyzing your expenses to find where the black hole exists; improving your credit score and lastly saving your money.
All these simple 7 rules will help you achieve financial freedom.
These rules have appeared in the book “Money Rules – The Simple Path to Lifelong Security”. Have any of you read that ?
Good stuff. Liked the 4th point “Audit your bills to find more money”.
Many times we buy mobile / Internet plans with higher rental plan when we can actually do with minimum plans.
For eg. I have 10 GB monthly rental plan for my internet but i hardly use 5 GB.
Good point Rakesh !